Brookfield Business Partners L.P. (TSE:BBU) Declares Quarterly Dividend of $0.09

Brookfield Business Partners L.P. (TSE:BBU) declared a quarterly dividend on Friday, August 2nd, Zacks reports. Shareholders of record on Friday, August 30th will be given a dividend of 0.086 per share on Friday, September 27th. This represents a $0.34 dividend on an annualized basis and a yield of ∞. The ex-dividend date of this dividend is Friday, August 30th. This is a positive change from Brookfield Business Partners’s previous quarterly dividend of $0.09.

Brookfield Business Partners Stock Performance

Brookfield Business Partners (TSE:BBU) last posted its earnings results on Friday, August 2nd. The company reported C($0.12) EPS for the quarter, missing the consensus estimate of C$1.20 by C($1.32). The firm had revenue of C$16.34 billion during the quarter.

Wall Street Analysts Forecast Growth

Separately, Cibc World Mkts upgraded shares of Brookfield Business Partners to a “strong-buy” rating in a research note on Tuesday, May 7th.

About Brookfield Business Partners

Brookfield Business Partners L.P. is a private equity firm specializes in acquisition. The firm typically invests in business 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. Brookfield Business Partners L.P.