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

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

Brookfield Business Partners Stock Performance

The firm's fifty day simple moving average is C$32.93 and its 200 day simple moving average is C$31.79. The company has a market capitalization of C$2.70 billion, a PE ratio of 4.06, 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be issued a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.69%. The ex-dividend date is Friday, February 28th. 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.