Brookfield Business Partners (TSE:BBU.UN) Hits New 52-Week High - Here's What Happened

Brookfield Business Partners LP (TSE:BBU.UN - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$42.36 and last traded at C$36.34, with a volume of 6808 shares changing hands. The stock had previously closed at C$35.55.

Brookfield Business Partners Price Performance

The company has a debt-to-equity ratio of 241.05, a quick ratio of 0.65 and a current ratio of 1.00. The stock has a 50 day moving average of C$33.09 and a two-hundred day moving average of C$32.82. The firm has a market capitalization of C$2.56 billion, a P/E ratio of 3.85, a P/E/G ratio of 2.61 and a beta of 1.45.

Brookfield Business Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 30th will be given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Business Partners's dividend payout ratio (DPR) is currently 3.79%.

Insider Transactions at Brookfield Business Partners

In related news, Director Anne Ruth Herkes purchased 604 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The shares were acquired at an average price of C$41.50 per share, with a total value of C$25,064.20. Insiders own 3.96% of the company's stock.

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.