North American Construction Group Ltd. (NYSE:NOA) Increases 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 declared 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) dividend on an annualized basis and a dividend yield of 2.8%. 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 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 1.1%

Shares of NYSE NOA traded down $0.14 during mid-day trading on Tuesday, reaching $12.36. The company had a trading volume of 406,639 shares, compared to its average volume of 154,853. The business's 50-day moving average is $15.91 and its 200-day moving average is $16.38. The company has a current ratio of 0.94, a quick ratio of 0.75 and a debt-to-equity ratio of 1.57. The stock has a market cap of $373.02 million, a price-to-earnings ratio of 14.21 and a beta of 1.26. North American Construction Group has a 52 week low of $12.12 and a 52 week high of $22.08.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.42). North American Construction Group had a return on equity of 17.15% and a net margin of 2.82%.The business had revenue of $235.51 million for the quarter, compared to the consensus estimate of $231.51 million. Equities 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.