08:20 AM EDT, 05/03/2024 (MT Newswires) -- Brookfield Business Partners on Friday reported first-quarter net income attributable to unitholders of US$48 million ($65.6 million), or US$0.23 per limited partnership unit, down from US$74 million, or US$0.34 per limited partnership unit, a year earlier.

The board declared a quarterly dividend of US$0.0625 per unit, payable on June 28 to unitholders of record at the close of business on May 31.

The company ended the quarter with about US$1.6 billion of liquidity at the corporate level, including US$137 million in cash and liquid securities, US$25 million of remaining preferred equity commitment from Brookfield Corp., and US$1.4 billion of availability on the corporate credit facilities.