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

Brookfield Business Partners L.P. (NYSE:BBU) declared a quarterly dividend on Thursday, March 12th. Investors of record on Monday, March 23rd will be given a dividend of 0.0625 per share by the business services provider on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, March 23rd.

Brookfield Business Partners has decreased its dividend payment by an average of 0.0%annually over the last three years. Brookfield Business Partners has a dividend payout ratio of 12.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Brookfield Business Partners to earn $5.84 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 4.3%.

Brookfield Business Partners Stock Performance

BBU traded up $0.03 during midday trading on Friday, hitting $30.71. 1,591 shares of the company were exchanged, compared to its average volume of 30,750. The company’s 50 day simple moving average is $34.96 and its 200 day simple moving average is $33.41. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of -118.12 and a beta of 1.30. Brookfield Business Partners has a 1-year low of $18.63 and a 1-year high of $37.75. The company has a current ratio of 0.27, a quick ratio of 0.19 and a debt-to-equity ratio of 2.84.

Brookfield Business Partners (NYSE:BBU) last released its quarterly earnings results on Friday, January 30th. The business services provider reported ($0.48) EPS for the quarter, missing the consensus estimate of $1.38 by ($1.86). The firm had revenue of $7 billion for the quarter, compared to analyst estimates of $3.46 billion. Brookfield Business Partners had a net margin of 1.41% and a return on equity of 2.67%. As a group, sell-side analysts predict that Brookfield Business Partners will post 5.25 earnings per share for the current year.

About Brookfield Business Partners

Brookfield Business Partners L.P. (NYSE: BBU) is a publicly traded partnership sponsored by Brookfield Asset Management. The company focuses on acquiring and operating high-quality businesses across a range of industrial and service-oriented sectors. Through a partnership structure, Brookfield Business Partners seeks to provide investors with returns generated from stable, cash-flowing enterprises that benefit from Brookfield Asset Management’s global scale and operational expertise.

The company’s investment strategy centers on businesses within the industrial services, manufacturing, transportation, and business services segments.