Brookfield Business Partners L.P. (BBU) To Go Ex-Dividend on August 30th

Brookfield Business Partners L.P. (NYSE:BBU) declared a quarterly dividend on Friday, August 2nd, Wall Street Journal reports. Shareholders of record on Friday, August 30th will be paid a dividend of 0.0625 per share by the business services provider on Friday, September 27th. This represents a $0.25 annualized dividend and a yield of 1.20%. The ex-dividend date is Friday, August 30th.

Brookfield Business Partners has a dividend payout ratio of 19.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Brookfield Business Partners to earn $4.45 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 5.6%.

Brookfield Business Partners Stock Down 0.6 %

Shares of NYSE:BBU traded down $0.12 during trading on Wednesday, reaching $20.76. 2,561 shares of the stock were exchanged, compared to its average volume of 14,216. The stock has a fifty day moving average of $19.57 and a two-hundred day moving average of $20.05. Brookfield Business Partners has a 1-year low of $12.22 and a 1-year high of $23.75. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.10 and a quick ratio of 0.84. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 3.45 and a beta of 1.47.

Brookfield Business Partners (NYSE:BBU) last posted its earnings results on Friday, August 2nd. The business services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.86 by ($0.95). The business had revenue of $11.95 billion for the quarter. Brookfield Business Partners had a return on equity of 21.64% and a net margin of 7.08%. During the same period in the previous year, the firm posted $0.85 earnings per share. Research analysts anticipate that Brookfield Business Partners will post 4.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on BBU shares. BMO Capital Markets upped their price target on Brookfield Business Partners from $30.00 to $31.00 and gave the stock an “outperform” rating in a report on Monday, May 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $32.00 target price on shares of Brookfield Business Partners in a report on Monday, August 5th. Finally, Cibc World Mkts upgraded shares of Brookfield Business Partners to a “strong-buy” rating in a report on Tuesday, May 7th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $30.50.

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.