North American Construction Group Ltd. (NYSE:NOA) Declares C$0.12 Quarterly Dividend

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) declared a quarterly dividend on Wednesday, August 12th. Shareholders of record on Friday, August 28th will be given a dividend of 0.12 per share by the oil and gas company on Friday, October 2nd. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, August 28th.

North American Construction Group has raised its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 3 years. North American Construction Group has a dividend payout ratio of 12.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect North American Construction Group to earn $2.25 per share next year, which means the company should continue to be able to cover its $0.34 annual dividend with an expected future payout ratio of 15.1%.

North American Construction Group Stock Performance

NYSE NOA opened at $15.32 on Thursday. North American Construction Group has a fifty-two week low of $12.07 and a fifty-two week high of $17.26. The firm has a market capitalization of $427.12 million, a P/E ratio of 19.39 and a beta of 1.06. The stock’s fifty day moving average is $13.67 and its two-hundred day moving average is $14.41. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.90 and a current ratio of 1.11.

North American Construction Group Company Profile

North American Construction Group Ltd (NYSE: NOA) is a Canadian industrial company headquartered in Edmonton, Alberta, that specializes in providing integrated heavy construction equipment solutions. Through its two core segments—Sales and Rentals—the company offers a comprehensive portfolio of new and used off-highway trucks, wheel loaders, hydraulic excavators, dozers and motor graders, along with aftermarket parts and maintenance services.

In its Sales division, North American Construction Group partners with leading global equipment manufacturers to distribute and support a broad range of heavy machinery across multiple industries.