North American Construction Group Ltd. (NYSE:NOA) Raises Dividend to $0.09 Per Share

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Shareholders 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 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.07.

North American Construction Group has increased its dividend by an average of 35.7% per year over the last three years. North American Construction Group has a payout ratio of 9.8% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of NYSE NOA opened at $19.50 on Friday. The firm has a market cap of $523.19 million, a P/E ratio of 13.54 and a beta of 1.49. The business’s 50 day moving average is $18.41 and its 200-day moving average is $19.38. The company has a current ratio of 1.03, a quick ratio of 0.80 and a debt-to-equity ratio of 1.82. North American Construction Group has a 1-year low of $16.46 and a 1-year high of $25.92.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com cut 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.