North American Construction Group Ltd. (NYSE:NOA - Get Free Report) TSE: NOA declared 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 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from North American Construction Group's previous quarterly dividend of $0.07.
North American Construction Group has raised its dividend payment by an average of 35.7% annually over the last three years. North American Construction Group has a payout ratio of 9.8% meaning its dividend is sufficiently covered by earnings. 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 Stock Up 0.5 %
NOA traded up $0.09 during midday trading on Friday, hitting $19.62. 92,677 shares of the company's stock traded hands, compared to its average volume of 65,145. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.03 and a quick ratio of 0.80. The company has a market cap of $526.40 million, a PE ratio of 13.63 and a beta of 1.49. The stock's fifty day simple moving average is $18.43 and its 200-day simple moving average is $19.38. North American Construction Group has a one year low of $16.46 and a one year high of $25.92.
North American Construction Group (NYSE:NOA - Get Free Report) TSE: NOA last released its quarterly earnings results on Wednesday, July 31st. The oil and gas company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.04. North American Construction Group had a net margin of 4.79% and a return on equity of 26.39%. The business had revenue of $201.95 million for the quarter, compared to the consensus estimate of $230.03 million. As a group, equities analysts anticipate that North American Construction Group will post 2.7 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut North American Construction Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 3rd.
View Our Latest Analysis on North American Construction Group
About North American Construction Group
(
Get Free Report)
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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