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

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

North American Construction Group has increased its dividend payment by an average of 38.0% per year 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 Trading Down 0.3 %

Shares of NYSE:NOA opened at $18.07 on Thursday. North American Construction Group has a 12-month low of $16.46 and a 12-month high of $25.92. The stock has a market cap of $501.98 million, a PE ratio of 12.55 and a beta of 1.44. The business has a 50 day moving average of $20.02 and a 200-day moving average of $19.44. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 1.85.

Analyst Ratings Changes

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

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.