Brookfield Business Partners LP (BBU) Plans $0.06 Quarterly Dividend

Brookfield Business Partners LP (NYSE:BBU) declared a quarterly dividend on Monday, February 11th, Wall Street Journal reports. Stockholders of record on Thursday, February 28th will be paid a dividend of 0.0625 per share by the business services provider on Friday, March 29th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Wednesday, February 27th.

BBU stock traded down $0.35 during midday trading on Monday, reaching $33.40. 16,551 shares of the company’s stock traded hands, compared to its average volume of 27,452. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 82.32 and a beta of 1.56. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.15 and a quick ratio of 0.95. Brookfield Business Partners has a 1-year low of $29.82 and a 1-year high of $46.55.

Brookfield Business Partners (NYSE:BBU) last announced its quarterly earnings data on Friday, February 8th. The business services provider reported $1.04 EPS for the quarter. The firm had revenue of $10.21 billion for the quarter. Brookfield Business Partners had a return on equity of 19.15% and a net margin of 3.24%.

Several research analysts have recently issued reports on the company. BMO Capital Markets assumed coverage on Brookfield Business Partners in a research report on Tuesday, November 20th. They issued an “outperform” rating and a $47.00 price target on the stock. Royal Bank of Canada reduced their price target on Brookfield Business Partners from $47.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, November 6th. ValuEngine lowered Brookfield Business Partners from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Finally, Credit Suisse Group assumed coverage on Brookfield Business Partners in a research report on Friday, November 16th. They issued a “buy” rating and a $54.00 price target on the stock. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $47.60.

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Brookfield Business Partners Company Profile

Further Reading: Liquidity

Dividend History for Brookfield Business Partners (NYSE:BBU)

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