Brookfield Business Partners L.P. (BBU) To Go Ex-Dividend on March 23rd

Brookfield Business Partners L.P. (NYSE:BBU) announced a quarterly dividend on Thursday, March 12th. Stockholders of record on Monday, March 23rd will be paid a dividend of 0.0625 per share by the business services provider on Tuesday, March 31st. This represents a c) annualized dividend and a dividend 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%per year over the last three years. Brookfield Business Partners has a dividend payout ratio of 12.8% indicating that its dividend is sufficiently covered by earnings. Equities 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

Shares of NYSE BBU opened at $29.71 on Friday. The company has a debt-to-equity ratio of 2.84, a current ratio of 0.27 and a quick ratio of 0.19. The company has a market cap of $2.60 billion, a PE ratio of -114.27 and a beta of 1.30. The company has a 50-day simple moving average of $34.36 and a 200-day simple moving average of $33.53. Brookfield Business Partners has a 12 month low of $18.63 and a 12 month high of $37.75.

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

Brookfield Business Partners Company Profile

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.