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

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 paid 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 increased 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 payout ratio of 12.2% meaning its dividend is sufficiently covered by earnings. Equities 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

Shares of NOA stock opened at $15.32 on Thursday. The stock has a market cap of $427.12 million, a PE ratio of 19.39 and a beta of 1.06. The stock has a 50-day moving average of $13.67 and a 200-day moving average of $14.41. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.11 and a quick ratio of 0.90. North American Construction Group has a one year low of $12.07 and a one year high of $17.26.

Analyst Ratings Changes

NOA has been the subject of several research analyst reports. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of North American Construction Group in a report on Thursday, July 9th. Roth Capital reiterated a “buy” rating and set a $27.50 target price on shares of North American Construction Group in a report on Friday, May 15th. BMO Capital Markets reissued a “market perform” rating on shares of North American Construction Group in a research note on Thursday, May 14th. Zacks Research downgraded North American Construction Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 9th. Finally, ATB Cormark Capital Markets lowered North American Construction Group from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $25.75.

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.