North American Construction Group Ltd. (NOA) To Go Ex-Dividend on November 25th

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

North American Construction Group has increased its dividend by an average of 0.2% annually over the last three years and has raised its dividend annually for the last 3 consecutive years. North American Construction Group has a dividend payout ratio of 12.2% indicating that 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 Price Performance

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

North American Construction Group (NYSE:NOA) (TSE:NOA) last issued its quarterly earnings results on Wednesday, August 12th. The oil and gas company reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. The business had revenue of $321.22 million during the quarter, compared to analyst estimates of $246.65 million. North American Construction Group had a return on equity of 6.23% and a net margin of 2.41%. Equities research analysts anticipate that North American Construction Group will post 0.90 earnings per share for the current year.

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.