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

Key Points

• North American Construction Group declared a quarterly dividend of C$0.12 per share, equivalent to C$0.48 annualized and a 4.2% yield. Shareholders of record November 25 are scheduled to be paid January 8.
• The company has raised its dividend for three consecutive years. Its reported payout ratio is 12.2%, and analysts expect future earnings to continue covering the dividend.
• In its latest reported quarter, earnings of $0.23 per share matched analyst estimates, while revenue of $321.22 million exceeded the $246.65 million consensus forecast.

North American Construction Group Ltd. (NYSE:NOA - Get Free Report) TSE: NOA announced a quarterly dividend on Tuesday, November 3rd. Investors of record on Wednesday, November 25th will be paid a dividend of C$0.12 per share by the oil and gas company on Friday, January 8th. This represents a $0.48 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, November 25th.

North American Construction Group has raised its dividend by an average of 0.2% annually 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% indicating that its dividend is sufficiently covered by earnings. Analysts expect North American Construction Group to earn $1.58 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 21.5%.

North American Construction Group Price Performance

Shares of NYSE NOA opened at $11.46 on Thursday. The stock has a market cap of $315.63 million, a P/E ratio of 14.51 and a beta of 1.06. The stock has a 50 day moving average of $12.40 and a two-hundred day moving average of $13.91. The company has a current ratio of 1.07, a quick ratio of 0.90 and a debt-to-equity ratio of 2.15. North American Construction Group has a twelve month low of $10.85 and a twelve month high of $17.26.

North American Construction Group (NYSE:NOA - Get Free Report) TSE: NOA last released its earnings results on Wednesday, August 12th. The oil and gas company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.23. North American Construction Group had a return on equity of 6.23% and a net margin of 2.41%. The business had revenue of $321.22 million for the quarter, compared to analyst estimates of $246.65 million. On average, research analysts forecast that North American Construction Group will post 0.90 earnings per share for the current year.

Institutional Investors Weigh In On North American Construction Group

A number of institutional investors have recently bought and sold shares of the business. Simplex Trading LLC lifted its position in shares of North American Construction Group by 116.9% in the 3rd quarter. Simplex Trading LLC now owns 4,384 shares of the oil and gas company's stock worth $53,000 after acquiring an additional 2,363 shares during the period. WINTON GROUP Ltd bought a new stake in shares of North American Construction Group in the 2nd quarter worth about $144,000. Morgan Dempsey Capital Management LLC acquired a new stake in shares of North American Construction Group during the first quarter worth approximately $257,000. Cibc World Market Inc. acquired a new stake in North American Construction Group during the 2nd quarter valued at $278,000. Finally, Sanctuary Advisors LLC bought a new position in shares of North American Construction Group in the first quarter valued at about $612,000. 74.99% of the stock is currently owned by institutional investors and hedge funds.

About North American Construction Group

North American Construction Group Inc is a Canadian heavy civil construction and contract mining company serving the resource and infrastructure sectors. The company provides large-scale earthmoving, site development, mine-support and construction services for customers primarily in western Canada.

Its services include contract mining, overburden removal, mine development, heavy civil construction, roadbuilding, reclamation and site preparation. North American Construction Group also provides equipment maintenance, repair and rebuild services, and operates a large fleet of heavy construction and mining equipment to support its projects.

Founded in 1953, the company has developed long-standing expertise in the Canadian oil sands and other resource projects.

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