North American Construction Group Ltd. (NOA) To Go Ex-Dividend on November 27th

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Stockholders 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 annualized dividend and a dividend yield of 1.78%. The ex-dividend date 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% per year over the last three years. North American Construction Group has a dividend 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 Performance

Shares of NYSE:NOA traded up $0.52 during midday trading on Friday, reaching $20.05. 20,457 shares of the company traded hands, compared to its average volume of 64,804. The firm’s fifty day moving average price is $18.41 and its two-hundred day moving average price is $19.38. North American Construction Group has a 12 month low of $16.46 and a 12 month high of $25.92. The firm has a market capitalization of $537.94 million, a price-to-earnings ratio of 13.54 and a beta of 1.49. The company has a quick ratio of 0.80, a current ratio of 1.03 and a debt-to-equity ratio of 1.82.

North American Construction Group (NYSE:NOA) (TSE:NOA) last released its quarterly earnings results on Wednesday, July 31st. The oil and gas company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. The business had revenue of $201.95 million during the quarter, compared to analyst estimates of $230.03 million. North American Construction Group had a return on equity of 26.39% and a net margin of 4.79%. On average, equities analysts expect that North American Construction Group will post 2.7 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of North American Construction Group from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd.

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.