Brookfield Business Corp (NYSE:BBUC) Declares Quarterly Dividend of C$0.06

Brookfield Business Corp (NYSE:BBUC) announced a quarterly dividend on Friday, May 8th. Stockholders of record on Friday, May 29th will be paid a dividend of 0.0625 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, May 29th.

Brookfield Business Trading Down 8.3%

Shares of NYSE:BBUC traded down $2.80 during trading on Friday, hitting $30.81. 500,469 shares of the stock were exchanged, compared to its average volume of 177,149. The company has a fifty day simple moving average of $33.19. The company has a market capitalization of $6.38 billion, a P/E ratio of -118.52 and a beta of 1.27. The company has a debt-to-equity ratio of 2.91, a quick ratio of 1.39 and a current ratio of 1.67. Brookfield Business has a 12-month low of $27.64 and a 12-month high of $38.25.

Brookfield Business (NYSE:BBUC) last announced its quarterly earnings results on Friday, May 8th. The company reported $999.00 EPS for the quarter, topping the consensus estimate of $1.31 by $997.69. Brookfield Business had a return on equity of 2.67% and a net margin of 1.41%. Equities research analysts anticipate that Brookfield Business will post 5.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Scotiabank increased their price target on Brookfield Business from $40.00 to $41.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, April 28th. Zacks Research raised Brookfield Business from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. Finally, Wall Street Zen raised Brookfield Business from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $41.00.

Brookfield Business Company Profile

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.