Brookfield Business Partners (TSE:BBU.UN) Reaches New 52-Week High – Should You Buy?

Brookfield Business Partners LP (TSE:BBU.UN) reached a new 52-week high during trading on Monday . The company traded as high as C$36.21 and last traded at C$36.17, with a volume of 3663 shares. The stock had previously closed at C$34.45.

Brookfield Business Partners Stock Performance

The company has a market cap of C$2.72 billion, a P/E ratio of 4.02, a PEG ratio of 2.61 and a beta of 1.45. The business’s 50 day simple moving average is C$32.30 and its 200 day simple moving average is C$28.47. 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 company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were paid a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Friday, August 30th. Brookfield Business Partners’s dividend payout ratio (DPR) is 3.79%.

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.