North American Construction Group Ltd. (NYSE:NOA) to Issue Dividend Increase – $0.09 Per Share

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) announced a quarterly dividend on Wednesday, October 30th,Zacks Dividends reports. Stockholders of record on Wednesday, November 27th will be given a dividend of 0.089 per share by the oil and gas company on Friday, January 3rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a positive change from North American Construction Group’s previous quarterly dividend of $0.07.

North American Construction Group has raised its dividend by an average of 35.7% per year over the last three years. North American Construction Group has a dividend payout ratio of 11.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect North American Construction Group to earn $3.25 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 10.5%.

North American Construction Group Stock Down 1.5 %

Shares of NYSE:NOA opened at $20.04 on Tuesday. North American Construction Group has a 1 year low of $16.46 and a 1 year high of $25.92. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.13 and a quick ratio of 0.88. The business’s 50-day moving average is $18.84 and its 200-day moving average is $19.26. The company has a market capitalization of $537.67 million, a price-to-earnings ratio of 13.92 and a beta of 1.48.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of North American Construction Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd.

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.