North American Construction Group Ltd. (NOA) to Issue Quarterly Dividend of C$0.12 on July 3rd

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) announced a quarterly dividend on Monday, May 11th. Investors 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 is Wednesday, June 3rd.

North American Construction Group has raised its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 3 years. North American Construction Group has a dividend payout ratio of 12.6% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

North American Construction Group stock opened at $13.87 on Monday. North American Construction Group has a 12-month low of $12.07 and a 12-month high of $18.24. The company has a current ratio of 1.11, a quick ratio of 0.90 and a debt-to-equity ratio of 1.80. The firm has a 50-day moving average price of $14.25 and a 200-day moving average price of $14.66. The firm has a market capitalization of $375.77 million, a PE ratio of 17.55 and a beta of 1.07.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NOA. Wall Street Zen cut North American Construction Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. BMO Capital Markets reaffirmed a “market perform” rating on shares of North American Construction Group in a research report on Thursday, May 14th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of North American Construction Group in a report on Tuesday, May 19th. ATB Cormark Capital Markets downgraded North American Construction Group from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, Canaccord Genuity Group upgraded North American Construction Group from a “hold” rating to a “buy” rating in a report on Friday, March 13th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $25.75.

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.