Brookfield Business Corp (NYSE:BBUC) Shareholders to Get $0.06 Quarterly Dividend

Brookfield Business Corp (NYSE:BBUC) declared a quarterly dividend on Wednesday, November 4th. Shareholders of record on Monday, November 30th will be given a dividend of $0.0625 per share on Thursday, December 31st. This represents a $0.25 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, November 30th.

Brookfield Business Stock Down 2.3%

BBUC stock opened at $30.23 on Friday. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.22 and a current ratio of 1.44. Brookfield Business has a 52-week low of $24.80 and a 52-week high of $38.25. The company has a 50-day moving average of $26.89 and a two-hundred day moving average of $31.17.

Brookfield Business (NYSE:BBUC) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($1.16). Brookfield Business had a net margin of 1.13% and a return on equity of 2.05%. Equities analysts anticipate that Brookfield Business will post 5.31 EPS for the current year.

Institutional Investors Weigh In On Brookfield Business

A number of institutional investors have recently added to or reduced their stakes in BBUC. Parallel Advisors LLC bought a new stake in shares of Brookfield Business in the 3rd quarter worth approximately $26,000. Sterling Capital Management LLC bought a new stake in shares of Brookfield Business during the third quarter valued at approximately $45,000. Signaturefd LLC bought a new stake in shares of Brookfield Business during the third quarter valued at approximately $81,000. Bfsg LLC bought a new stake in shares of Brookfield Business during the third quarter valued at approximately $248,000. Finally, ProShare Advisors LLC acquired a new position in shares of Brookfield Business in the third quarter valued at $366,000. 85.04% of the stock is owned by institutional investors and hedge funds.

Brookfield Business Company Profile

Brookfield Business Corporation (NYSE: BBUC) is a publicly traded corporation that provides investors with an interest in the operations of Brookfield Business Partners, a global owner and operator of business services, infrastructure services and industrial companies. BBUC’s shares are designed to provide economic exposure substantially equivalent to units of Brookfield Business Partners L.P., while offering a corporate share structure.

Through its portfolio companies, Brookfield Business Partners is involved in essential and often service-oriented activities, including healthcare services, construction and infrastructure services, industrial operations, energy-related businesses and other business services.