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 Monday, March 9th. Investors of record on Thursday, March 26th will be paid a dividend of 0.12 per share by the oil and gas company on Thursday, April 9th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Thursday, March 26th.

North American Construction Group has raised its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 3 consecutive years. North American Construction Group has a dividend payout ratio of 12.6% meaning its dividend is sufficiently covered by earnings. 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 $0.35 annual dividend with an expected future payout ratio of 12.2%.

North American Construction Group Stock Performance

NOA opened at $14.26 on Tuesday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.70 and a current ratio of 0.88. The stock has a market capitalization of $406.51 million, a price-to-earnings ratio of 17.82 and a beta of 1.09. The company has a fifty day moving average of $15.53 and a 200 day moving average of $14.66. North American Construction Group has a fifty-two week low of $12.07 and a fifty-two week high of $18.24.

About North American Construction Group

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.