North American Construction Group Ltd. Announces Quarterly Dividend of $0.08 (NYSE:NOA)

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

North American Construction Group has increased its dividend by an average of 38.0% per year over the last three years. North American Construction Group has a dividend payout ratio of 11.3% meaning its dividend is sufficiently covered by earnings. 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 NOA stock 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 company has a debt-to-equity ratio of 1.85, a quick ratio of 0.88 and a current ratio of 1.13. North American Construction Group has a 52 week low of $16.46 and a 52 week high of $25.92. The company has a 50-day simple moving average of $19.97 and a 200 day simple moving average of $19.43.

Wall Street Analysts Forecast Growth

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