Civeo Co. (NYSE:CVEO) Announces Quarterly Dividend of $0.25

Civeo Co. (NYSE:CVEO - Get Free Report) declared a quarterly dividend on Friday, January 31st,RTT News reports. Investors of record on Monday, February 24th will be given a dividend of 0.25 per share by the business services provider on Monday, March 17th. This represents a $1.00 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend is Monday, February 24th.

Civeo has a dividend payout ratio of 144.9% indicating that 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 $0.40 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 250.0%.

Civeo Trading Down 0.2 %

CVEO stock traded down $0.04 during mid-day trading on Tuesday, reaching $23.16. The company had a trading volume of 50,460 shares, compared to its average volume of 86,225. The company has a market capitalization of $318.93 million, a PE ratio of 16.54 and a beta of 2.00. The firm has a 50 day moving average of $23.15 and a 200 day moving average of $25.55. Civeo has a 12 month low of $21.15 and a 12 month high of $28.92. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.36 and a quick ratio of 1.28.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Civeo from a "strong-buy" rating to a "buy" rating in a report on Sunday, December 29th.

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.