North American Construction Group Ltd. (NOA) to Issue Quarterly Dividend of C$0.12 on April 9th

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) declared a quarterly dividend on Monday, March 9th. Shareholders of record on Thursday, March 26th will be given a dividend of 0.12 per share by the oil and gas company on Thursday, April 9th. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Thursday, March 26th.

North American Construction Group has raised its dividend by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 3 consecutive years. North American Construction Group has a dividend payout ratio of 12.6% meaning its dividend is sufficiently covered by earnings. Equities 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 $0.35 annual dividend with an expected future payout ratio of 12.2%.

North American Construction Group Stock Performance

North American Construction Group stock opened at $14.40 on Tuesday. The stock has a 50-day simple moving average of $15.53 and a 200 day simple moving average of $14.66. The stock has a market capitalization of $410.64 million, a price-to-earnings ratio of 17.88 and a beta of 1.09. The company has a quick ratio of 0.70, a current ratio of 0.88 and a debt-to-equity ratio of 1.64. North American Construction Group has a 12-month low of $12.07 and a 12-month high of $18.24.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NOA shares. Loop Capital set a $24.00 price target on shares of North American Construction Group in a report on Friday, December 19th. Wall Street Zen cut shares of North American Construction Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Roth Mkm assumed coverage on shares of North American Construction Group in a report on Thursday, February 5th. They set a “buy” rating and a $25.00 target price on the stock. ATB Cormark Capital Markets upgraded shares of North American Construction Group from a “hold” rating to a “moderate buy” rating in a research report on Friday, March 13th. Finally, BMO Capital Markets downgraded shares of North American Construction Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 12th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $24.50.

North American Construction Group Company Profile

North American Construction Group Ltd (NYSE: NOA) is a Canadian industrial company headquartered in Edmonton, Alberta, that specializes in providing integrated heavy construction equipment solutions. Through its two core segments—Sales and Rentals—the company offers a comprehensive portfolio of new and used off-highway trucks, wheel loaders, hydraulic excavators, dozers and motor graders, along with aftermarket parts and maintenance services.

In its Sales division, North American Construction Group partners with leading global equipment manufacturers to distribute and support a broad range of heavy machinery across multiple industries.