Brookfield Business Partners L.P. (BBU) To Go Ex-Dividend on February 28th

Brookfield Business Partners L.P. (NYSE:BBU) declared a quarterly dividend on Friday, January 31st, NASDAQ Dividends reports. Shareholders of record on Friday, February 28th will be paid a dividend of 0.0625 per share by the business services provider on Monday, March 31st. This represents a $0.25 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Friday, February 28th.

Brookfield Business Partners has a dividend payout ratio of 24.3% meaning its dividend is sufficiently covered by earnings. Equities 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 Up 1.3 %

BBU opened at $25.26 on Wednesday. The stock has a fifty day moving average of $22.88 and a 200-day moving average of $22.85. The company has a market capitalization of $1.88 billion, a P/E ratio of -51.55 and a beta of 1.50. Brookfield Business Partners has a fifty-two week low of $16.85 and a fifty-two week high of $26.75. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.39 and a current ratio of 0.50.

Brookfield Business Partners (NYSE:BBU) last issued its quarterly earnings data on Friday, January 31st. The business services provider reported $1.47 earnings per share for the quarter, topping the consensus estimate of $0.14 by $1.33. Brookfield Business Partners had a net margin of 2.20% and a return on equity of 5.09%. On average, equities analysts expect that Brookfield Business Partners will post 5.25 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BBU shares. Royal Bank of Canada reduced their price target on Brookfield Business Partners from $32.00 to $30.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. BMO Capital Markets increased their target price on Brookfield Business Partners from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Brookfield Business Partners in a research note on Monday, February 3rd. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Brookfield Business Partners has a consensus rating of “Buy” and an average price target of $32.33.

Brookfield Business Partners Company Profile

Brookfield Business Partners L.P. is a private equity firm specializing in acquisition. The firm typically invests in business services, infrastructure services, construction, energy, and industrials sector. It prefers to take majority stake in companies. The firm seeks returns of at least 15% on its investments.