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

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

Brookfield Business Stock Down 5.8%

BBUC stock traded down $1.84 during mid-day trading on Friday, hitting $29.62. The stock had a trading volume of 570,882 shares, compared to its average volume of 291,346. Brookfield Business has a 1-year low of $28.14 and a 1-year high of $38.25. The company has a fifty day moving average of $31.78 and a 200 day moving average of $33.21. The company has a current ratio of 1.43, a quick ratio of 1.19 and a debt-to-equity ratio of 2.78. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of -65.82 and a beta of 1.25.

Brookfield Business (NYSE:BBUC) last announced its quarterly earnings results on Friday, July 31st. The company reported $1.21 earnings per share (EPS) for the quarter. Brookfield Business had a return on equity of 2.33% and a net margin of 1.28%. On average, equities analysts expect that Brookfield Business will post 5.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Scotiabank set a $40.50 price objective on shares of Brookfield Business in a research report on Friday, July 24th. National Bank Financial decreased their target price on shares of Brookfield Business from $44.00 to $42.00 and set an “outperform” rating for the company in a research report on Tuesday, May 12th. Weiss Ratings lowered shares of Brookfield Business from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 8th. Wall Street Zen upgraded shares of Brookfield Business from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Finally, Canadian Imperial Bank of Commerce set a $41.50 price objective on shares of Brookfield Business in a research note on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $39.60.

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.