Brookfield Business Partners LP (TSE:BBU.UN - Get Free Report) rose 0.1% during trading on Wednesday . The company traded as high as C$35.17 and last traded at C$34.35. Approximately 29,923 shares traded hands during trading, a decline of 43% from the average daily volume of 52,457 shares. The stock had previously closed at C$34.31.
Brookfield Business Partners Trading Up 3.4%
The firm has a fifty day simple moving average of C$32.56 and a two-hundred day simple moving average of C$32.80. The stock has a market cap of C$2.62 billion, a PE ratio of 3.93, 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.
Brookfield Business Partners Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 30th will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.25 dividend on an annualized basis and a yield of 0.71%. Brookfield Business Partners's dividend payout ratio (DPR) is currently 3.79%.
Insiders Place Their Bets
In other news, Director Anne Ruth Herkes purchased 646 shares of the company's stock in a transaction that occurred on Wednesday, March 26th. The shares were bought at an average cost of C$40.01 per share, for a total transaction of C$25,849.30. Insiders own 3.96% of the company's stock.
About Brookfield Business Partners
(
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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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