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

Brookfield Business Corp (NYSE:BBUC) announced a quarterly dividend on Friday, May 8th. Shareholders of record on Friday, May 29th will be paid a dividend of 0.0625 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, May 29th.

Brookfield Business Stock Performance

Shares of BBUC stock opened at $30.81 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.67 and a debt-to-equity ratio of 2.91. The firm has a market cap of $6.38 billion, a P/E ratio of -118.52 and a beta of 1.27. The business’s 50 day moving average is $33.19. Brookfield Business has a 52 week low of $27.64 and a 52 week high of $38.25.

Brookfield Business (NYSE:BBUC) last announced its earnings results on Friday, May 8th. The company reported $999.00 EPS for the quarter, topping the consensus estimate of $1.31 by $997.69. The firm had revenue of $6.44 billion for the quarter. Brookfield Business had a net margin of 1.41% and a return on equity of 2.67%. Analysts forecast that Brookfield Business will post 5.5 earnings per share for the current year.

Hedge Funds Weigh In On Brookfield Business

Hedge funds have recently made changes to their positions in the business. Hsbc Holdings PLC boosted its holdings in shares of Brookfield Business by 73.7% in the 4th quarter. Hsbc Holdings PLC now owns 33,914 shares of the company’s stock valued at $1,211,000 after buying an additional 14,393 shares during the last quarter. Odyssean LLC acquired a new stake in shares of Brookfield Business in the 4th quarter valued at approximately $469,000. Jump Financial LLC acquired a new stake in shares of Brookfield Business in the 4th quarter valued at approximately $240,000. Susquehanna Advisors Group Inc. acquired a new stake in shares of Brookfield Business in the 4th quarter valued at approximately $298,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Brookfield Business in the 4th quarter valued at approximately $280,000. 85.04% of the stock is owned by 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.