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

Brookfield Business Corp (NYSE:BBUC) declared a quarterly dividend on Thursday, November 5th. Shareholders of record on Monday, November 30th will be paid 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 Price Performance

NYSE BBUC traded down $0.72 during trading on Thursday, reaching $30.23. The company’s stock had a trading volume of 834,016 shares, compared to its average volume of 308,899. The firm has a fifty day moving average of $26.85 and a 200 day moving average of $31.20. Brookfield Business has a one year low of $24.80 and a one year high of $38.25. The stock has a market capitalization of $6.21 billion, a PE ratio of -77.51 and a beta of 1.32. The company has a debt-to-equity ratio of 2.92, a current ratio of 1.44 and a quick ratio of 1.22.

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 analysts’ consensus estimates of $1.25 by ($1.16). Brookfield Business had a net margin of 1.13% and a return on equity of 2.05%. Analysts expect that Brookfield Business will post 5.31 EPS for the current fiscal year.

Institutional Trading of Brookfield Business

Institutional investors have recently modified their holdings of the company. Citadel Advisors LLC purchased a new position in shares of Brookfield Business during the second quarter valued at approximately $1,140,000. The Manufacturers Life Insurance Company bought a new stake in Brookfield Business during the second quarter worth about $2,283,000. TD Waterhouse Canada Inc. bought a new stake in shares of Brookfield Business in the 2nd quarter worth approximately $23,247,000. State Street Corp bought a new position in shares of Brookfield Business during the second quarter valued at $29,617,000. Finally, Tidal Investments LLC purchased a new position in Brookfield Business in the second quarter worth about $529,000. 85.04% of the stock is currently owned by hedge funds and other institutional investors.

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.