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

Brookfield Business Corp (NYSE:BBUC) declared a quarterly dividend on Friday, July 31st. Stockholders of record on Monday, August 31st will be paid a dividend of 0.0625 per share on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, August 31st.

Brookfield Business Stock Down 5.8%

Shares of BBUC stock opened at $29.62 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.19 and a debt-to-equity ratio of 2.78. Brookfield Business has a twelve month low of $28.14 and a twelve month high of $38.25. The stock has a 50 day moving average of $31.70 and a 200 day moving average of $33.19. The stock has a market cap of $6.13 billion, a P/E ratio of -65.82 and a beta of 1.25.

Brookfield Business (NYSE:BBUC) last released its quarterly earnings results on Friday, July 31st. The company reported $1.21 EPS for the quarter. Brookfield Business had a net margin of 1.28% and a return on equity of 2.33%. As a group, sell-side analysts expect that Brookfield Business will post 5.54 EPS for the current year.

Institutional Investors Weigh In On Brookfield Business

Institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC lifted its holdings in Brookfield Business by 335.6% during the 4th quarter. Millennium Management LLC now owns 295,351 shares of the company’s stock worth $10,597,000 after buying an additional 227,555 shares in the last quarter. HRT Financial LP increased its position in shares of Brookfield Business by 384.1% during the fourth quarter. HRT Financial LP now owns 74,225 shares of the company’s stock worth $2,663,000 after acquiring an additional 58,891 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Brookfield Business in the fourth quarter valued at $1,655,000. Marshall Wace LLP purchased a new position in Brookfield Business in the fourth quarter valued at $1,402,000. Finally, Qube Research & Technologies Ltd acquired a new position in Brookfield Business during the 3rd quarter worth $907,000. 85.04% of the stock is owned by hedge funds and other institutional investors.

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.