North American Construction Group Ltd. (NYSE:NOA - Get Free Report) TSE: NOA declared a quarterly dividend on Wednesday, February 26th, Wall Street Journal reports. Investors of record on Thursday, March 13th will be paid a dividend of 0.084 per share by the oil and gas company on Wednesday, April 9th. This represents a $0.34 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend 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 payout ratio of 11.3% indicating that 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 $0.33 annual dividend with an expected future payout ratio of 11.5%.
North American Construction Group Price Performance
Shares of NYSE:NOA traded down $0.13 during trading on Friday, hitting $17.59. 85,709 shares of the company were exchanged, compared to its average volume of 56,377. North American Construction Group has a 1-year low of $16.46 and a 1-year high of $25.92. The company has a market capitalization of $488.54 million, a P/E ratio of 12.21 and a beta of 1.43. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 1.85. The business's 50 day moving average is $19.92 and its 200-day moving average is $19.45.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on NOA. Cibc World Mkts raised North American Construction Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 5th. Raymond James raised shares of North American Construction Group from a "moderate buy" rating to a "strong-buy" rating in a report on Tuesday, January 21st. Finally, CIBC raised shares of North American Construction Group from a "neutral" rating to a "sector outperform" rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, North American Construction Group currently has an average rating of "Buy".
Read Our Latest Research Report on North American Construction Group
About North American Construction Group
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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.
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