North American Construction Group Ltd. (NYSE:NOA) Announces Quarterly Dividend of $0.07

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) declared a quarterly dividend on Friday, May 3rd, Wall Street Journal reports. Stockholders of record on Friday, May 31st will be given a dividend of 0.0726 per share by the oil and gas company on Friday, July 5th. This represents a $0.29 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Friday, May 31st.

North American Construction Group has increased its dividend by an average of 35.7% per year over the last three years and has increased its dividend every year for the last 2 years. North American Construction Group has a dividend payout ratio of 8.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect North American Construction Group to earn $3.15 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 9.5%.

North American Construction Group Trading Down 0.8 %

NOA traded down $0.16 during mid-day trading on Friday, hitting $20.47. 49,275 shares of the stock were exchanged, compared to its average volume of 66,408. The firm’s fifty day moving average is $22.81 and its two-hundred day moving average is $21.88. North American Construction Group has a 1-year low of $18.02 and a 1-year high of $26.30. The company has a market cap of $547.37 million, a PE ratio of 15.51 and a beta of 1.52. The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 1.71.

North American Construction Group (NYSE:NOA) (TSE:NOA) last issued its quarterly earnings results on Wednesday, May 1st. The oil and gas company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.01). The business had revenue of $220.33 million for the quarter, compared to analysts’ expectations of $217.28 million. North American Construction Group had a return on equity of 19.77% and a net margin of 5.21%. During the same quarter last year, the company earned $0.71 earnings per share. Equities analysts forecast that North American Construction Group will post 2.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on NOA shares. TD Cowen upgraded shares of North American Construction Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. StockNews.com cut North American Construction Group from a “buy” rating to a “hold” rating in a research note on Friday.

North American Construction Group Company Profile

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.