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

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) declared a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Wednesday, November 25th will be given 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 dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, November 25th.

North American Construction Group has raised its dividend payment by an average of 0.2% annually over the last three years and has increased its dividend every year for the last 3 years. North American Construction Group has a dividend payout ratio of 12.2% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Down 2.8%

NYSE:NOA opened at $11.46 on Thursday. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.90 and a current ratio of 1.07. North American Construction Group has a 52-week low of $10.85 and a 52-week high of $17.26. The company has a market cap of $315.63 million, a PE ratio of 14.51 and a beta of 1.06. The stock has a 50-day simple moving average of $12.40 and a 200 day simple moving average of $13.91.

North American Construction Group (NYSE:NOA) (TSE:NOA) last announced its earnings results on Wednesday, August 12th. The oil and gas company reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. North American Construction Group had a net margin of 2.41% and a return on equity of 6.23%. The business had revenue of $321.22 million during the quarter, compared to analysts’ expectations of $246.65 million. On average, sell-side analysts expect that North American Construction Group will post 0.90 EPS for the current fiscal year.

Hedge Funds Weigh In On North American Construction Group

Several institutional investors and hedge funds have recently bought and sold shares of NOA. Van Berkom & Associates Inc. purchased a new stake in North American Construction Group in the 3rd quarter worth about $2,024,000. Simplex Trading LLC raised its stake in 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 valued at $53,000 after acquiring an additional 2,363 shares during the period. TD Waterhouse Canada Inc. lifted its holdings in North American Construction Group by 4.5% during the third quarter. TD Waterhouse Canada Inc. now owns 344,109 shares of the oil and gas company’s stock valued at $4,176,000 after purchasing an additional 14,885 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in North American Construction Group during the second quarter valued at about $144,000. Finally, Cannell Capital LLC purchased a new stake in North American Construction Group during the second quarter valued at about $10,423,090. 74.99% of the stock is owned by institutional investors.

North American Construction Group Company Profile

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.