North American Construction Group Ltd. (NOA) to Distribute Quarterly Dividend of C$0.12 on October 2nd

North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) declared a quarterly dividend on Tuesday, August 11th. Stockholders of record on Friday, August 28th will be paid a dividend of 0.12 per share by the oil and gas company on Friday, October 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, August 28th.

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 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. Equities analysts expect North American Construction Group to earn $2.21 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 15.4%.

North American Construction Group Stock Down 0.6%

Shares of NYSE NOA opened at $13.33 on Wednesday. The firm’s fifty day moving average is $13.67 and its 200 day moving average is $14.33. North American Construction Group has a 52 week low of $12.07 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. The company has a market cap of $371.64 million, a price-to-earnings ratio of 16.87 and a beta of 1.06.

North American Construction Group (NYSE:NOA) (TSE:NOA) last released its earnings results on Wednesday, August 12th. The oil and gas company reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23. North American Construction Group had a net margin of 2.41% and a return on equity of 6.23%. The firm had revenue of $321.22 million for the quarter, compared to the consensus estimate of $246.65 million. On average, equities research analysts expect that North American Construction Group will post 1.6 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in North American Construction Group in the second quarter worth $122,000. Highlander Partners L.P. purchased a new position in North American Construction Group during the 4th quarter worth $132,000. Qube Research & Technologies Ltd acquired a new position in North American Construction Group during the 3rd quarter valued at about $153,000. Dynamic Technology Lab Private Ltd purchased a new stake in North American Construction Group in the fourth quarter valued at about $165,000. Finally, Lazard Asset Management LLC boosted its holdings in North American Construction Group by 1,424.1% in the third quarter. Lazard Asset Management LLC now owns 12,452 shares of the oil and gas company’s stock worth $177,000 after acquiring an additional 11,635 shares in the last quarter. Institutional investors own 74.99% of the company’s stock.

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.