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

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) announced a quarterly dividend on Monday, May 11th. Stockholders 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 dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, June 3rd.

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

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

Analyst Ratings Changes

A number of brokerages have recently commented on NOA. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of North American Construction Group in a research report on Tuesday, May 19th. Roth Mkm restated a “buy” rating and set a $27.50 target price on shares of North American Construction Group in a report on Friday, May 15th. BMO Capital Markets restated a “market perform” rating on shares of North American Construction Group in a report on Thursday, May 14th. Wall Street Zen downgraded shares of North American Construction Group from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Zacks Research upgraded shares of North American Construction Group from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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.