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

Brookfield Business Partners LP (NYSE:BBU) announced a quarterly dividend on Monday, November 5th, Wall Street Journal reports. Investors of record on Friday, November 30th will be paid a dividend of 0.0625 per share by the business services provider on Monday, December 31st. This represents a $0.25 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend is Thursday, November 29th.

Brookfield Business Partners stock opened at $40.37 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 1.08 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 340.58 and a beta of 1.91. Brookfield Business Partners has a 1 year low of $29.49 and a 1 year high of $46.55.

Brookfield Business Partners (NYSE:BBU) last posted its quarterly earnings results on Friday, August 3rd. The business services provider reported $0.92 earnings per share (EPS) for the quarter. The firm had revenue of $8.78 billion for the quarter. Brookfield Business Partners had a net margin of 0.89% and a return on equity of 8.81%.

Several research analysts have issued reports on the stock. Scotiabank assumed coverage on shares of Brookfield Business Partners in a research report on Wednesday, September 19th. They issued a “hold” rating and a $49.00 price target on the stock. Royal Bank of Canada set a $48.00 price target on shares of Brookfield Business Partners and gave the stock a “buy” rating in a research report on Thursday, September 27th. Credit Suisse Group set a $54.00 price target on shares of Brookfield Business Partners and gave the stock a “buy” rating in a research report on Thursday, August 23rd. Finally, ValuEngine lowered shares of Brookfield Business Partners from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $49.25.

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Brookfield Business Partners Company Profile

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Dividend History for Brookfield Business Partners (NYSE:BBU)

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