Brookfield Business Partners (TSE:BBU.UN) Reaches New 1-Year High - Should You Buy?

Key Points

• BROOKFIELD BUSINESS PARTNERS' share price reached a new 52-week high of C$47.59, closing at C$47.52, with a trading volume of 17,922 shares.
• The company recently declared a quarterly dividend of $0.0625, translating to an annualized dividend of $0.25 and a yield of 0.5%, though it has a payout ratio of -178.57%.
• Brookfield has a market cap of C$4.25 billion and a high debt-to-equity ratio of 241.05.

Brookfield Business Partners LP (TSE:BBU.UN - )'s share price hit a new 52-week high on Wednesday . The company traded as high as C$47.59 and last traded at C$47.52, with a volume of 17922 shares traded. The stock had previously closed at C$46.66.

Brookfield Business Partners Stock Performance

The stock's fifty day moving average price is C$38.33 and its two-hundred day moving average price is C$34.96. The company has a market cap of C$4.25 billion, a P/E ratio of -341.64, a P/E/G ratio of 2.61 and a beta of 1.87. The company has a debt-to-equity ratio of 241.05, a quick ratio of 0.65 and a current ratio of 1.00.

Brookfield Business Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 29th were given a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, August 29th. Brookfield Business Partners's dividend payout ratio is -178.57%.

Brookfield Business Partners Company Profile

Brookfield Business Partners LP is a business services and industrials company. It focused on operating businesses that are either low-cost producers and benefit from high barriers to entry. The company's operating segment includes Business services; Infrastructure services; Industrials and Corporate and others.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.