Brookfield Business Partners (TSE:BBU.UN) Reaches New 52-Week High - Still a Buy?

Key Points

• Brookfield Business Partners shares hit a new 52-week high of C$45.90 during trading, with the stock closing at C$45.58.
• The company announced a quarterly dividend of $0.0625 per share, reflecting an annualized yield of 0.5%, but has a concerning payout ratio of -178.57%.
• With a market cap of C$4.08 billion and a debt-to-equity ratio of 241.05, the firm specializes in private equity investments, aiming for returns of at least 15% on its acquisitions.

Shares of Brookfield Business Partners LP (TSE:BBU.UN - ) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$45.90 and last traded at C$45.58, with a volume of 1524 shares trading hands. The stock had previously closed at C$45.65.

Brookfield Business Partners Price Performance

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 company's 50 day moving average is C$37.18 and its 200 day moving average is C$34.51. The firm has a market capitalization of C$4.08 billion, a price-to-earnings ratio of -328.07, a P/E/G ratio of 2.61 and a beta of 1.69.

Brookfield Business Partners Dividend Announcement

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

About Brookfield Business Partners

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.

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