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

Key Points

• North American Construction Group Ltd. has raised its quarterly dividend by 1.4% to $0.09 per share, with an annualized yield of 2.7% and an ex-dividend date set for August 29th.
• Despite a reported earnings miss of $0.42 per share, the company achieved a revenue of $235.51 million, exceeding analyst expectations of $231.51 million.
• The company’s shares have decreased by 23.1%, trading at $12.90, significantly lower than its 1-year high of $22.08.

North American Construction Group Ltd. (NYSE:NOA - Get Free Report) TSE: NOA announced a quarterly dividend on Thursday, August 14th, Wall Street Journal reports. Stockholders of record on Friday, August 29th will be given a dividend of 0.0872 per share by the oil and gas company on Friday, October 3rd. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, August 29th. This is a 1.4% increase from North American Construction Group's previous quarterly dividend of $0.09.

North American Construction Group has a dividend payout ratio of 12.2% indicating that its dividend is sufficiently covered by earnings. Equities research 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 $0.34 annual dividend with an expected future payout ratio of 11.8%.

North American Construction Group Trading Down 23.1%

Shares of NOA stock traded down $3.87 during trading hours on Thursday, hitting $12.90. 995,439 shares of the company were exchanged, compared to its average volume of 83,319. The firm has a fifty day moving average of $16.33 and a 200 day moving average of $16.60. The company has a quick ratio of 0.74, a current ratio of 0.92 and a debt-to-equity ratio of 1.44. North American Construction Group has a 1 year low of $12.39 and a 1 year high of $22.08. The firm has a market cap of $389.22 million, a PE ratio of 12.77 and a beta of 1.26.

North American Construction Group (NYSE:NOA - Get Free Report) TSE: NOA last issued its earnings results on Wednesday, August 13th. The oil and gas company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.42). North American Construction Group had a net margin of 3.24% and a return on equity of 23.70%. The business had revenue of $235.51 million during the quarter, compared to analysts' expectations of $231.51 million. Analysts expect that North American Construction Group will post 2.56 earnings per share for the current year.

About North American Construction Group

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.

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