Brookfield Business Partners (TSE:BBU.UN) Trading 0.1% Higher - Here's Why

Shares of Brookfield Business Partners LP (TSE:BBU.UN - Get Free Report) traded up 0.1% on Wednesday . The stock traded as high as C$35.52 and last traded at C$35.35. 11,139 shares were traded during mid-day trading, a decline of 78% from the average session volume of 49,738 shares. The stock had previously closed at C$35.33.

Brookfield Business Partners Price Performance

The business has a 50 day moving average of C$34.18 and a 200 day moving average of C$32.93. The company has a market cap of C$2.63 billion, a PE ratio of 3.95, a price-to-earnings-growth ratio of 2.61 and a beta of 1.45. The company has a debt-to-equity ratio of 241.05, a current ratio of 1.00 and a quick ratio of 0.65.

Brookfield Business Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 30th were given a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Friday, May 30th. Brookfield Business Partners's dividend payout ratio is presently 3.79%.

Insider Activity

In other Brookfield Business Partners news, Director Anne Ruth Herkes acquired 604 shares of Brookfield Business Partners stock in a transaction that occurred on Thursday, June 26th. The stock was bought at an average cost of C$41.50 per share, for a total transaction of C$25,064.20. 3.96% of the stock is currently owned by corporate insiders.

Brookfield Business Partners Company Profile

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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