Brookfield Business Partners (TSE:BBU.UN) Sets New 1-Year High - Still a Buy?

Key Points

• Brookfield Business Partners shares reached a new 52-week high of C$48.48, with the last trading price at C$47.69, reflecting a 4.9% increase.
• The company recently paid a quarterly dividend of C$0.0625 per share, resulting in a 0.5% dividend yield for investors.
• Brookfield Business Partners has a market capitalization of C$4.29 billion and a notably high debt-to-equity ratio of 241.05.

Brookfield Business Partners LP (TSE:BBU.UN - ) shares hit a new 52-week high on Tuesday . The company traded as high as C$48.48 and last traded at C$47.69, with a volume of 5104 shares changing hands. The stock had previously closed at C$45.99.

Brookfield Business Partners Stock Up 4.9%

The business's fifty day moving average is C$39.43 and its two-hundred day moving average is C$35.31. The company has a market cap of C$4.29 billion, a P/E ratio of -344.71, a price-to-earnings-growth 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 company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 29th were paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, August 29th. Brookfield Business Partners's payout ratio is -178.57%.

About Brookfield Business Partners

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.

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