Brookfield Business Corp (BBUC) to Distribute Quarterly Dividend of $0.06 on September 29th

Brookfield Business Corp (NYSE:BBUC) announced a quarterly dividend on Thursday, July 30th. Stockholders of record on Monday, August 31st will be given a dividend of 0.0625 per share on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, August 31st.

Brookfield Business Trading Up 0.3%

Shares of BBUC opened at $28.00 on Friday. Brookfield Business has a 1 year low of $27.64 and a 1 year high of $38.25. The company has a current ratio of 1.44, a quick ratio of 1.22 and a debt-to-equity ratio of 2.92. The stock has a 50 day simple moving average of $30.20 and a 200-day simple moving average of $32.24. The stock has a market cap of $5.80 billion, a PE ratio of -71.79 and a beta of 1.26.

Brookfield Business (NYSE:BBUC) last announced its quarterly earnings results on Friday, July 31st. The company reported $0.18 EPS for the quarter. Brookfield Business had a return on equity of 2.05% and a net margin of 1.13%.The business had revenue of $6.50 billion for the quarter. On average, sell-side analysts predict that Brookfield Business will post 5.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Brookfield Business

Several institutional investors have recently bought and sold shares of BBUC. TD Waterhouse Canada Inc. bought a new stake in shares of Brookfield Business during the second quarter worth $23,247,000. Millennium Management LLC raised its holdings in shares of Brookfield Business by 335.6% in the fourth quarter. Millennium Management LLC now owns 295,351 shares of the company’s stock valued at $10,597,000 after buying an additional 227,555 shares during the last quarter. HRT Financial LP lifted its position in Brookfield Business by 384.1% during the 4th quarter. HRT Financial LP now owns 74,225 shares of the company’s stock worth $2,663,000 after buying an additional 58,891 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Brookfield Business during the 4th quarter worth about $1,655,000. Finally, Marshall Wace LLP bought a new stake in Brookfield Business during the 4th quarter worth about $1,402,000. Institutional investors own 85.04% of the company’s stock.

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.