Brookfield Business Partners (TSE:BBU.UN) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Brookfield Business Partners LP (TSE:BBU.UN)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$32.60 and traded as high as C$35.01. Brookfield Business Partners shares last traded at C$34.91, with a volume of 13,016 shares.

Brookfield Business Partners Trading Up 0.8 %

The stock has a 50-day moving average of C$33.31 and a two-hundred day moving average of C$32.60. The company has a market cap of C$2.59 billion, a P/E ratio of 3.90, 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 quick ratio of 0.65 and a current ratio of 1.00.

Brookfield Business Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.25 annualized dividend and a dividend yield of 0.72%. Brookfield Business Partners’s dividend payout ratio is presently 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.