Brookfield Business Partners (TSE:BBU.UN) Sets New 1-Year High - What's Next?

Key Points

• Brokfield Business Partners' stock reached a new 52-week high at C$44.73, closing most recently at C$35.73, reflecting a 5.7% increase in value.
• The company declared a quarterly dividend of $0.0625 per share, resulting in an annualized yield of 0.7% and a payout ratio of 3.79%.
• Insider transactions include Director Anne Ruth Herkes purchasing 604 shares at an average price of C$41.50 each, indicating confidence in the company's future performance.

Shares of Brookfield Business Partners LP (TSE:BBU.UN - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as C$44.73 and last traded at C$35.73, with a volume of 6500 shares traded. The stock had previously closed at C$34.83.

Brookfield Business Partners Price Performance

The stock has a market capitalization of C$2.86 billion, a PE ratio of 4.29, a PEG ratio of 2.61 and a beta of 1.45. 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 company's 50 day simple moving average is C$35.08 and its 200 day simple moving average is C$33.60.

Brookfield Business Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 29th will be issued a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, August 29th. Brookfield Business Partners's dividend payout ratio (DPR) is 3.79%.

Insider Buying and Selling at Brookfield Business Partners

In related news, Director Anne Ruth Herkes purchased 604 shares of the firm's stock in a transaction on Thursday, June 26th. The shares were bought at an average price of C$41.50 per share, for a total transaction of C$25,064.20. 3.96% of the stock is currently owned by company insiders.

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.