Brookfield Business Partners (TSE:BBU.UN) Sets New 12-Month High – Still a Buy?

Brookfield Business Partners LP (TSE:BBU.UN)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$39.86 and last traded at C$36.54, with a volume of 28496 shares trading hands. The stock had previously closed at C$35.47.

Brookfield Business Partners Stock Performance

The company has a quick ratio of 0.65, a current ratio of 1.00 and a debt-to-equity ratio of 241.05. The firm has a market capitalization of C$2.71 billion, a P/E ratio of 4.07, a price-to-earnings-growth ratio of 2.61 and a beta of 1.45. The company’s 50 day moving average is C$32.75 and its 200-day moving average is C$31.63.

Brookfield Business Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be given a dividend of $0.0625 per share. The ex-dividend date is Friday, February 28th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.68%. Brookfield Business Partners’s dividend payout ratio (DPR) is presently 3.79%.

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.