North American Construction Group Ltd. (NYSE:NOA) Shareholders Set to Receive C$0.12 Quarterly Dividend

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) announced a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Wednesday, November 25th will be given a dividend of C$0.12 per share by the oil and gas company on Friday, January 8th. This represents a $0.48 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, November 25th.

North American Construction Group has increased its dividend by an average of 0.2% per year over the last three years and has increased its dividend every year for the last 3 years. North American Construction Group has a dividend payout ratio of 12.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect North American Construction Group to earn $1.58 per share next year, which means the company should continue to be able to cover its $0.34 annual dividend with an expected future payout ratio of 21.5%.

North American Construction Group Price Performance

Shares of NOA stock opened at $11.46 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.07 and a debt-to-equity ratio of 2.15. The business’s fifty day moving average is $12.40 and its 200 day moving average is $13.91. The stock has a market cap of $315.63 million, a price-to-earnings ratio of 14.51 and a beta of 1.06. North American Construction Group has a twelve month low of $10.85 and a twelve month high of $17.26.

North American Construction Group (NYSE:NOA) (TSE:NOA) last released its earnings results on Wednesday, August 12th. The oil and gas company reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. North American Construction Group had a return on equity of 6.23% and a net margin of 2.41%. The business had revenue of $321.22 million for the quarter, compared to the consensus estimate of $246.65 million. Research analysts expect that North American Construction Group will post 0.90 EPS for the current fiscal year.

About North American Construction Group

North American Construction Group Inc is a Canadian heavy civil construction and contract mining company serving the resource and infrastructure sectors. The company provides large-scale earthmoving, site development, mine-support and construction services for customers primarily in western Canada.

Its services include contract mining, overburden removal, mine development, heavy civil construction, roadbuilding, reclamation and site preparation. North American Construction Group also provides equipment maintenance, repair and rebuild services, and operates a large fleet of heavy construction and mining equipment to support its projects.

Founded in 1953, the company has developed long-standing expertise in the Canadian oil sands and other resource projects.