Civeo Co. (CVEO) To Go Ex-Dividend on May 23rd

Civeo Co. (NYSE:CVEO) announced a quarterly dividend on Friday, April 26th, Zacks reports. Investors of record on Monday, May 27th will be paid a dividend of 0.25 per share by the business services provider on Monday, June 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date is Thursday, May 23rd.

Civeo has a payout ratio of 208.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Civeo to earn $0.48 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 208.3%.

Civeo Stock Down 3.2 %

NYSE:CVEO opened at $25.00 on Friday. Civeo has a 1 year low of $17.87 and a 1 year high of $28.00. The company has a current ratio of 1.53, a quick ratio of 1.47 and a debt-to-equity ratio of 0.20. The stock has a market cap of $366.50 million, a price-to-earnings ratio of 11.85 and a beta of 2.17. The stock has a 50-day moving average price of $25.12 and a two-hundred day moving average price of $23.10.

Civeo (NYSE:CVEO) last posted its earnings results on Thursday, February 29th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.33. Civeo had a return on equity of 2.69% and a net margin of 4.30%. The firm had revenue of $170.80 million during the quarter, compared to analysts’ expectations of $151.12 million. As a group, equities analysts expect that Civeo will post 0.14 earnings per share for the current year.

About Civeo

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile assets, including modular, skid-mounted accommodation, and central facilities that provide short to medium-term accommodation needs.