Brookfield Business Partners (TSE:BBU.UN) Trading Up 9% - Here's Why

Key Points

• Brookfield Business Partners share price increased by 9% during trading, reaching a high of C$50.36 from a previous close of C$45.99.
• Approximately 126,400 shares changed hands, marking an increase of 181% compared to the average daily volume of 45,005 shares.
• The company declared a quarterly dividend of $0.0625 per share, resulting in an annualized yield of 0.5%.

Brookfield Business Partners LP (TSE:BBU.UN - )'s share price was up 9% during trading on Tuesday . The stock traded as high as C$50.36 and last traded at C$50.13. Approximately 126,400 shares traded hands during trading, an increase of 181% from the average daily volume of 45,005 shares. The stock had previously closed at C$45.99.

Brookfield Business Partners Price Performance

The company has a market capitalization of C$4.45 billion, a PE ratio of -358.07, a PEG ratio of 2.61 and a beta of 1.87. The firm has a fifty day moving average of C$39.73 and a two-hundred day moving average of C$35.42. 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 Dividend Announcement

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

Brookfield Business Partners Company Profile

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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