North American Construction Group Ltd. (NYSE:NOA) Announces Quarterly Dividend of $0.09

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Investors of record on Wednesday, November 27th will be paid a dividend of 0.089 per share by the oil and gas company on Friday, January 3rd. This represents a $0.36 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from North American Construction Group’s previous quarterly dividend of $0.07.

North American Construction Group has increased its dividend payment by an average of 35.7% annually over the last three years. North American Construction Group has a payout ratio of 9.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect North American Construction Group to earn $3.10 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 9.7%.

North American Construction Group Stock Up 13.5 %

NYSE NOA opened at $19.50 on Friday. North American Construction Group has a fifty-two week low of $16.46 and a fifty-two week high of $25.92. The business has a fifty day moving average price of $18.41 and a two-hundred day moving average price of $19.38. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.03 and a quick ratio of 0.80. The stock has a market capitalization of $523.19 million, a PE ratio of 13.54 and a beta of 1.49.

North American Construction Group (NYSE:NOA) (TSE:NOA) last released its quarterly earnings data on Wednesday, July 31st. The oil and gas company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.04. North American Construction Group had a return on equity of 26.39% and a net margin of 4.79%. The business had revenue of $201.95 million for the quarter, compared to analyst estimates of $230.03 million. Equities analysts expect that North American Construction Group will post 2.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of North American Construction Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd.

About North American Construction Group

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.