Civeo Co. (NYSE:CVEO - Get Free Report) declared a quarterly dividend on Friday, April 26th, Zacks reports. Stockholders of record on Monday, May 27th will be given a dividend of 0.25 per share by the business services provider on Monday, June 17th. This represents a $1.00 annualized dividend and a dividend yield of 4.00%. The ex-dividend date is Thursday, May 23rd.
Civeo has a payout ratio of 208.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Civeo to earn $0.48 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 208.3%.
Civeo Stock Performance
Shares of CVEO traded down $0.83 during trading hours on Friday, hitting $25.00. The company's stock had a trading volume of 60,625 shares, compared to its average volume of 40,156. The company has a market cap of $366.50 million, a price-to-earnings ratio of 12.25 and a beta of 2.17. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.53 and a quick ratio of 1.47. The business has a 50 day simple moving average of $25.12 and a two-hundred day simple moving average of $23.10. Civeo has a 52-week low of $17.87 and a 52-week high of $28.00.
Civeo (NYSE:CVEO - Get Free Report) last posted its earnings results on Thursday, February 29th. The business services provider reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.33. The firm had revenue of $170.80 million during the quarter, compared to the consensus estimate of $151.12 million. Civeo had a net margin of 4.30% and a return on equity of 2.69%. On average, equities analysts expect that Civeo will post 0.14 earnings per share for the current fiscal year.
Civeo Company Profile
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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.
Further Reading
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