Brookfield Business Corp (BBUC) to Issue Quarterly Dividend of $0.06 on March 31st

Brookfield Business Corp (NYSE:BBUC) announced a quarterly dividend on Wednesday, March 11th. Stockholders of record on Monday, March 23rd will be paid a dividend of 0.0625 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, March 23rd.

Brookfield Business Price Performance

Brookfield Business stock traded down $0.48 during mid-day trading on Friday, hitting $30.49. 20,818 shares of the company traded hands, compared to its average volume of 100,046. Brookfield Business has a one year low of $21.52 and a one year high of $38.25. The business’s fifty day moving average price is $35.25.

Institutional Investors Weigh In On Brookfield Business

Hedge funds have recently modified their holdings of the company. Hsbc Holdings PLC lifted its stake in Brookfield Business by 73.7% during the fourth quarter. Hsbc Holdings PLC now owns 33,914 shares of the company’s stock worth $1,211,000 after purchasing an additional 14,393 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Brookfield Business by 68.4% in the 4th quarter. Mackenzie Financial Corp now owns 25,942 shares of the company’s stock valued at $931,000 after buying an additional 10,536 shares in the last quarter. Odyssean LLC acquired a new stake in shares of Brookfield Business in the 4th quarter valued at about $469,000. Millennium Management LLC increased its position in Brookfield Business by 335.6% in the 4th quarter. Millennium Management LLC now owns 295,351 shares of the company’s stock valued at $10,597,000 after acquiring an additional 227,555 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of Brookfield Business by 38.5% in the fourth quarter. AQR Capital Management LLC now owns 23,174 shares of the company’s stock valued at $831,000 after acquiring an additional 6,439 shares in the last quarter.

About Brookfield Business

Brookfield Business (NYSE: BBUC) is a publicly traded operating company affiliated with the Brookfield group that focuses on owning and managing a portfolio of industrial and business services companies. The company’s model centers on acquiring established businesses and applying active operational oversight, capital investment and strategic management to improve performance and support long‑term growth.

Brookfield Business’s activities span a range of sectors within the industrial and services landscape, including manufacturing, industrial services, specialty distribution and business‑to‑business service providers.