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

Shares of Brookfield Business Partners LP (TSE:BBU.UN) fell 1.2% on Tuesday . The company traded as low as C$31.02 and last traded at C$32.20. 77,511 shares were traded 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 Stock Down 0.2 %

The firm has a 50-day moving average of C$33.88 and a two-hundred day moving average of C$30.12. The stock has a market capitalization of C$2.38 billion, a price-to-earnings ratio of 3.58, a price-to-earnings-growth 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.

Brookfield Business Partners Dividend Announcement

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