Brookfield Business Partners (TSE:BBU.UN) Stock Price Down 1.3% – What’s Next?

Shares of Brookfield Business Partners LP (TSE:BBU.UN) dropped 1.3% on Friday . The company traded as low as C$45.11 and last traded at C$45.89. Approximately 52,570 shares were traded during mid-day trading, an increase of 60% from the average daily volume of 32,889 shares. The stock had previously closed at C$46.49.

Brookfield Business Partners Price Performance

The stock has a market cap of C$4.07 billion, a price-to-earnings ratio of -156.51, a price-to-earnings-growth ratio of 2.61 and a beta of 1.59. The company has a debt-to-equity ratio of 241.05, a quick ratio of 0.65 and a current ratio of 1.00. The company has a 50-day simple moving average of C$45.63 and a two-hundred day simple moving average of C$47.24.

Brookfield Business Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were issued a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, March 23rd. Brookfield Business Partners’s payout ratio is presently -85.27%.

About Brookfield Business Partners

Brookfield Business Partners LP is a business services and industrials company. It focused on operating businesses that are either low-cost producers and benefit from high barriers to entry. The company’s operating segment includes Business services; Infrastructure services; Industrials and Corporate and others. It generates maximum revenue from the Business Services segment. Geographically, it derives a majority of revenue from the United Kingdom and also has a presence in the United States of America; Europe; Australia; Canada; Brazil; Mexico and Other Countries.