Brookfield Business Partners (TSE:BBU.UN) Reaches New 12-Month High – Still a Buy?

Shares of Brookfield Business Partners LP (TSE:BBU.UN) reached a new 52-week high on Monday . The company traded as high as C$36.21 and last traded at C$36.17, with a volume of 3663 shares traded. The stock had previously closed at C$34.45.

Brookfield Business Partners Stock Performance

The firm has a 50-day moving average price of C$31.97 and a two-hundred day moving average price of C$28.35. The company has a debt-to-equity ratio of 241.05, a current ratio of 1.00 and a quick ratio of 0.65. The firm has a market capitalization of C$2.62 billion, a P/E ratio of 4.03, a P/E/G ratio of 2.61 and a beta of 1.45.

Brookfield Business Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were given a $0.0625 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.25 annualized dividend and a yield of 0.71%. Brookfield Business Partners’s dividend payout ratio (DPR) is 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.