North American Construction Group Ltd. (NOA) to Issue Quarterly Dividend of C$0.12 on April 9th

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) declared a quarterly dividend on Monday, March 9th. Stockholders of record on Thursday, March 26th will be paid a dividend of 0.12 per share by the oil and gas company on Thursday, April 9th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Thursday, March 26th.

North American Construction Group has increased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. North American Construction Group has a payout ratio of 12.6% meaning its dividend is sufficiently covered by earnings. 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 $0.35 annual dividend with an expected future payout ratio of 12.2%.

North American Construction Group Trading Up 4.8%

North American Construction Group stock opened at $14.26 on Tuesday. The stock has a 50-day moving average price of $15.53 and a 200 day moving average price of $14.66. The company has a market capitalization of $406.51 million, a price-to-earnings ratio of 17.82 and a beta of 1.09. North American Construction Group has a 52 week low of $12.07 and a 52 week high of $18.24. The company has a quick ratio of 0.70, a current ratio of 0.88 and a debt-to-equity ratio of 1.64.

About North American Construction Group

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.