North American Construction Group Ltd. (NOA) to Issue Quarterly Dividend of $0.08 on April 9th

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) declared a quarterly dividend on Wednesday, February 26th, Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Thursday, March 13th.

North American Construction Group has raised its dividend by an average of 38.0% annually 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. Equities research 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 Stock Performance

Shares of NYSE:NOA opened at $17.77 on Friday. The company has a market capitalization of $493.51 million, a price-to-earnings ratio of 12.34 and a beta of 1.44. The firm’s 50 day simple moving average is $19.97 and its 200 day simple moving average is $19.43. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.13 and a quick ratio of 0.88. North American Construction Group has a fifty-two week low of $16.46 and a fifty-two week high of $25.92.

Wall Street Analysts Forecast Growth

NOA has been the topic of several recent analyst reports. CIBC upgraded North American Construction Group from a “neutral” rating to a “sector outperform” rating in a report on Thursday, December 5th. Cibc World Mkts upgraded North American Construction Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. Finally, Raymond James upgraded shares of North American Construction Group from a “moderate buy” rating to a “strong-buy” rating in a report on Tuesday, January 21st. One analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, North American Construction Group presently 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.