Brookfield Business Partners L.P. (BBU) To Go Ex-Dividend on February 25th

Posted by Scott Davis on Feb 23rd, 2021

Brookfield Business Partners L.P. (NYSE:BBU) announced a quarterly dividend on Monday, February 8th, Wall Street Journal reports. Stockholders of record on Friday, February 26th will be given a dividend of 0.0625 per share by the business services provider on Wednesday, March 31st. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Thursday, February 25th.

BBU stock opened at $42.63 on Tuesday. Brookfield Business Partners has a 52-week low of $18.60 and a 52-week high of $45.00. The company’s 50 day simple moving average is $38.90 and its 200-day simple moving average is $34.72. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.22 and a quick ratio of 0.92. The firm has a market capitalization of $3.36 billion, a P/E ratio of -17.84 and a beta of 1.65.

Brookfield Business Partners (NYSE:BBU) last released its quarterly earnings results on Thursday, February 4th. The business services provider reported $0.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.66 by ($1.10). Brookfield Business Partners had a negative net margin of 0.43% and a negative return on equity of 1.66%. The firm had revenue of $10.05 billion for the quarter. Sell-side analysts predict that Brookfield Business Partners will post 5.49 EPS for the current fiscal year.

In other Brookfield Business Partners news, Director Gp Ltd Bcp sold 20,000,000 shares of the business’s stock in a transaction that occurred on Thursday, January 14th. The shares were sold at an average price of $10.72, for a total value of $214,400,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 22,199,879 shares of company stock valued at $233,765,680 over the last three months.

A number of equities research analysts have recently issued reports on the stock. National Bank Financial boosted their price target on shares of Brookfield Business Partners from $38.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday, February 4th. Royal Bank of Canada upped their price objective on shares of Brookfield Business Partners from $50.00 to $52.00 and gave the company an “outperform” rating in a research note on Monday, February 8th. Zacks Investment Research lowered shares of Brookfield Business Partners from a “buy” rating to a “sell” rating in a research note on Tuesday, January 5th. Finally, CIBC started coverage on shares of Brookfield Business Partners in a research note on Thursday, October 29th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $46.00.

Brookfield Business Partners Company Profile

Brookfield Business Partners L.P. is a private equity firm specializes in acquisition. The firm typically invests in business services, construction, energy, and industrials sector. It prefers to take majority stake in companies. The firm seeks returns of at least 15% on its investments. Brookfield Business Partners L.P.

Brookfield Business Partners L.P. (BBU) To Go Ex-Dividend on February 25th

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