Brookfield Business Partners (TSE:BBU.UN) Reaches New 1-Year High After Dividend Announcement

Brookfield Business Partners LP (TSE:BBU.UN)’s stock price hit a new 52-week high during mid-day trading on Monday after the company announced a dividend. The company traded as high as C$40.42 and last traded at C$36.05, with a volume of 39869 shares changing hands. The stock had previously closed at C$36.21.

The newly announced dividend which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be issued a $0.0625 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.25 dividend on an annualized basis and a yield of 0.72%. Brookfield Business Partners’s payout ratio is 3.79%.

Brookfield Business Partners Stock Performance

The company has a current ratio of 1.00, a quick ratio of 0.65 and a debt-to-equity ratio of 241.05. The firm’s fifty day moving average is C$32.99 and its 200 day moving average is C$31.84. The company has a market cap of C$2.59 billion, a PE ratio of 3.90, a price-to-earnings-growth ratio of 2.61 and a beta of 1.45.

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.