North American Construction Group Ltd. (NYSE:NOA) Plans Quarterly Dividend of $0.08

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) announced a quarterly dividend on Wednesday, February 26th, Wall Street Journal reports. Stockholders of record on Thursday, March 13th will be paid a dividend of 0.084 per share by the oil and gas company on Wednesday, April 9th. This represents a $0.34 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Thursday, March 13th.

North American Construction Group has increased its dividend payment by an average of 38.0% annually over the last three years. North American Construction Group has a dividend payout ratio of 11.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect North American Construction Group to earn $2.88 per share next year, which means the company should continue to be able to cover its $0.33 annual dividend with an expected future payout ratio of 11.5%.

North American Construction Group Stock Performance

NOA traded down $0.04 during trading on Wednesday, reaching $18.09. 36,741 shares of the company’s stock were exchanged, compared to its average volume of 55,547. North American Construction Group has a fifty-two week low of $16.46 and a fifty-two week high of $25.92. The company has a market capitalization of $502.54 million, a P/E ratio of 12.56 and a beta of 1.44. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 1.85. The business has a 50 day moving average price of $20.07 and a 200 day moving average price of $19.45.

Analyst Ratings Changes

NOA has been the subject of several research analyst reports. CIBC upgraded North American Construction Group from a “neutral” rating to a “sector outperform” rating in a research report on Thursday, December 5th. Cibc World Mkts upgraded North American Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. Finally, Raymond James upgraded shares of North American Construction Group from a “moderate buy” rating to a “strong-buy” rating in a report on Tuesday, January 21st. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

North American Construction Group Company Profile

North American Construction Group Ltd. provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States. The company operates Heavy Equipment – Canada, Heavy Equipment – Australia, and Other segments.