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

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

Brookfield Business Partners Stock Up 0.9 %

Shares of Brookfield Business Partners stock traded up $0.20 during trading on Friday, hitting $21.93. 9,742 shares of the stock were exchanged, compared to its average volume of 17,075. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.17 and a quick ratio of 0.95. The firm’s 50-day moving average price is $23.24 and its 200 day moving average price is $22.34. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 2.71 and a beta of 1.50. Brookfield Business Partners has a 12-month low of $16.85 and a 12-month high of $26.75.

Brookfield Business Partners (NYSE:BBU) last announced its quarterly earnings results on Friday, January 31st. The business services provider reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $1.33. Brookfield Business Partners had a return on equity of 30.68% and a net margin of 11.77%. As a group, analysts forecast that Brookfield Business Partners will post 5.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on BBU. BMO Capital Markets lifted their price target on shares of Brookfield Business Partners from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Scotiabank boosted their target price on Brookfield Business Partners from $30.00 to $32.00 and gave the company a “sector outperform” rating in a report on Tuesday. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $32.80.

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.