Civeo Co. (CVEO) To Go Ex-Dividend on February 24th

Civeo Co. (NYSE:CVEO) announced a quarterly dividend on Friday, January 31st, RTT News reports. Stockholders of record on Monday, February 24th will be paid a dividend of 0.25 per share by the business services provider on Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend is Monday, February 24th.

Civeo has a dividend payout ratio of 144.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Civeo to earn $0.40 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 250.0%.

Civeo Price Performance

NYSE CVEO opened at $27.37 on Friday. The business’s fifty day moving average is $23.61 and its 200 day moving average is $25.47. Civeo has a fifty-two week low of $21.15 and a fifty-two week high of $28.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.28 and a current ratio of 1.36. The company has a market capitalization of $376.82 million, a PE ratio of 19.55 and a beta of 2.00.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Civeo from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 29th.

About Civeo

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile assets, including modular, skid-mounted accommodation, and central facilities that provide short to medium-term accommodation needs.