Brookfield Business Partners (TSE:BBU.UN) Trading Down 1.2% – Here’s Why

Brookfield Business Partners LP (TSE:BBU.UN) shares fell 1.2% on Tuesday . The stock traded as low as C$31.02 and last traded at C$32.20. 77,511 shares traded hands during trading, an increase of 95% from the average session volume of 39,719 shares. The stock had previously closed at C$32.60.

Brookfield Business Partners Price Performance

The company has a market capitalization of C$2.38 billion, a P/E ratio of 3.58, a PEG ratio of 2.61 and a beta of 1.45. 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 business has a 50 day simple moving average of C$33.88 and a 200-day simple moving average of C$30.12.

Brookfield Business Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Friday, November 29th. Brookfield Business Partners’s payout ratio is currently 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.