Civeo Co. to Issue Quarterly Dividend of $0.25 (NYSE:CVEO)

Civeo Co. (NYSE:CVEO) announced 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% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research 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

Civeo stock traded down $0.83 during trading hours on Friday, hitting $25.00. The stock had a trading volume of 60,625 shares, compared to its average volume of 40,156. Civeo has a fifty-two week low of $17.87 and a fifty-two week high of $28.00. The company has a quick ratio of 1.47, a current ratio of 1.53 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $25.12 and a two-hundred day moving average of $23.08. The company has a market cap of $366.50 million, a PE ratio of 12.25 and a beta of 2.17.

Civeo (NYSE:CVEO) last announced its quarterly earnings data on Thursday, February 29th. The business services provider reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.33. The firm had revenue of $170.80 million for the quarter, compared to analyst estimates of $151.12 million. Civeo had a return on equity of 2.69% and a net margin of 4.30%. On average, equities research analysts anticipate that Civeo will post 0.14 EPS for the current fiscal year.

Civeo Company Profile

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.