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

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) announced a quarterly dividend on Monday, May 11th. Shareholders of record on Wednesday, June 3rd will be paid a dividend of 0.12 per share by the oil and gas company on Friday, July 3rd. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, June 3rd.

North American Construction Group has increased its dividend payment by an average of 0.2%per year 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 12.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect North American Construction Group to earn $2.48 per share next year, which means the company should continue to be able to cover its $0.35 annual dividend with an expected future payout ratio of 14.1%.

North American Construction Group Stock Performance

NOA opened at $13.87 on Monday. The company has a 50 day simple moving average of $14.25 and a two-hundred day simple moving average of $14.66. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.11 and a quick ratio of 0.90. The firm has a market cap of $375.77 million, a P/E ratio of 17.55 and a beta of 1.07. North American Construction Group has a 1-year low of $12.07 and a 1-year high of $18.24.

North American Construction Group Company Profile

North American Construction Group Ltd (NYSE: NOA) is a Canadian industrial company headquartered in Edmonton, Alberta, that specializes in providing integrated heavy construction equipment solutions. Through its two core segments—Sales and Rentals—the company offers a comprehensive portfolio of new and used off-highway trucks, wheel loaders, hydraulic excavators, dozers and motor graders, along with aftermarket parts and maintenance services.

In its Sales division, North American Construction Group partners with leading global equipment manufacturers to distribute and support a broad range of heavy machinery across multiple industries.