Brookfield Business Partners (TSE:BBU.UN) Reaches New 1-Year High – Here’s Why

Brookfield Business Partners LP (TSE:BBU.UN) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$35.50 and last traded at C$35.50, with a volume of 806 shares changing hands. The stock had previously closed at C$35.25.

Brookfield Business Partners Trading Down 1.1 %

The company has a quick ratio of 0.65, a current ratio of 1.00 and a debt-to-equity ratio of 241.05. The firm has a market cap of C$2.59 billion, a price-to-earnings ratio of 3.93, a price-to-earnings-growth ratio of 2.61 and a beta of 1.45. The company’s 50-day moving average price is C$30.97 and its 200-day moving average price is C$27.98.

Brookfield Business Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.25 annualized dividend and a yield of 0.72%. Brookfield Business Partners’s dividend payout ratio (DPR) is presently 3.79%.

Brookfield Business Partners Company Profile

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.