Brookfield Business Partners L.P. Announces Quarterly Dividend of $0.06 (NYSE:BBU)

Brookfield Business Partners L.P. (NYSE:BBU - Get 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 yield of 1.11%. The ex-dividend date of this dividend is Friday, February 28th.

Brookfield Business Partners Price Performance

BBU traded up $0.65 during trading on Wednesday, hitting $22.47. 5,187 shares of the company traded hands, compared to its average volume of 19,159. Brookfield Business Partners has a 1 year low of $16.85 and a 1 year high of $26.75. The company has a market cap of $1.67 billion, a PE ratio of -45.67 and a beta of 1.50. The stock's 50-day simple moving average is $23.10 and its two-hundred day simple moving average is $22.38. The company has a current ratio of 1.17, a quick ratio of 0.95 and a debt-to-equity ratio of 2.12.

Brookfield Business Partners (NYSE:BBU - Get Free Report) last posted its earnings results on Friday, January 31st. The business services provider reported $1.47 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $1.33. Brookfield Business Partners had a net margin of 2.20% and a return on equity of 5.00%. As a group, sell-side analysts anticipate that Brookfield Business Partners will post 5.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BBU has been the subject of a number of research analyst reports. BMO Capital Markets upped their price objective on shares of Brookfield Business Partners from $32.00 to $34.00 and gave the stock an "outperform" rating in a research report on Friday, January 10th. Scotiabank raised their target price on Brookfield Business Partners from $32.00 to $33.00 and gave the company a "sector outperform" rating in a report on Monday. Finally, Royal Bank of Canada lowered their target price on shares of Brookfield Business Partners from $32.00 to $30.00 and set an "outperform" rating for the company in a research note on Monday. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Brookfield Business Partners has an average rating of "Buy" and an average target price of $32.60.

Brookfield Business Partners Company Profile

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.