Brookfield Business Partners L.P. (NYSE:BBU) to Issue $0.06 Quarterly Dividend

Brookfield Business Partners L.P. (NYSE:BBUGet Free Report) announced a quarterly dividend on Friday, January 31st,NASDAQ Dividends reports. Investors of record on Friday, February 28th will be paid a dividend of 0.0625 per share by the business services provider on Monday, March 31st. This represents a $0.25 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Friday, February 28th.

Brookfield Business Partners Stock Performance

BBU traded up $0.20 during trading on Friday, hitting $21.93. The stock had a trading volume of 9,742 shares, compared to its average volume of 17,075. The firm has a market capitalization of $1.63 billion, a P/E ratio of 2.71 and a beta of 1.50. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.95 and a current ratio of 1.17. Brookfield Business Partners has a twelve month low of $16.85 and a twelve month high of $26.75. The company’s 50-day moving average price is $23.24 and its 200 day moving average price is $22.34.

Brookfield Business Partners (NYSE:BBUGet Free Report) last posted its quarterly earnings results on Friday, January 31st. The business services provider reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $1.33. Brookfield Business Partners had a net margin of 11.77% and a return on equity of 30.68%. On average, equities research analysts forecast that Brookfield Business Partners will post 5.43 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Scotiabank raised their price target on Brookfield Business Partners from $30.00 to $32.00 and gave the company a “sector outperform” rating in a report on Tuesday. BMO Capital Markets increased their price objective on Brookfield Business Partners from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $32.80.

View Our Latest Stock Report on BBU

About Brookfield Business Partners

(Get Free Report)

Brookfield Business Partners L.P. is a private equity firm specializing in acquisition. The firm typically invests in business services, infrastructure 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.

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Dividend History for Brookfield Business Partners (NYSE:BBU)

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