North American Energy Partners Inc.(USA) (NOA) Raises Dividend to $0.02 Per Share

North American Energy Partners Inc.(USA) (NYSE:NOA) (TSE:NOA) declared a quarterly dividend on Wednesday, February 14th, Wall Street Journal reports. Stockholders of record on Tuesday, March 6th will be paid a dividend of 0.0159 per share by the oil and gas company on Friday, April 6th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Monday, March 5th. This is a positive change from North American Energy Partners Inc.(USA)’s previous quarterly dividend of $0.02.

North American Energy Partners Inc.(USA) has raised its dividend payment by an average of 3.3% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. North American Energy Partners Inc.(USA) has a payout ratio of 50.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect North American Energy Partners Inc.(USA) to earn $0.43 per share next year, which means the company should continue to be able to cover its $0.06 annual dividend with an expected future payout ratio of 14.0%.

Shares of North American Energy Partners Inc (NOA) traded down $0.05 during midday trading on Wednesday, hitting $4.55. The stock had a trading volume of 20,279 shares, compared to its average volume of 34,157. North American Energy Partners Inc has a 1 year low of $3.70 and a 1 year high of $5.70. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.97 and a quick ratio of 0.93. The stock has a market cap of $107.04, a PE ratio of 153.33 and a beta of 0.57.

In other news, major shareholder Cannell Capital Llc purchased 26,301 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were purchased at an average price of $4.26 per share, with a total value of $112,042.26. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

A number of research analysts have recently commented on the company. Zacks Investment Research cut North American Energy Partners Inc.(USA) from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Canaccord Genuity reaffirmed a “buy” rating and set a $9.00 price target on shares of North American Energy Partners Inc.(USA) in a research report on Tuesday, January 16th. Finally, ValuEngine cut North American Energy Partners Inc.(USA) from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd.

ILLEGAL ACTIVITY NOTICE: “North American Energy Partners Inc.(USA) (NOA) Raises Dividend to $0.02 Per Share” was first published by American Banking News and is owned by of American Banking News. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2018/02/14/north-american-energy-partners-inc-usa-noa-raises-dividend-to-0-02-per-share.html.

North American Energy Partners Inc.(USA) Company Profile

North American Energy Partners Inc provides a range of mining and heavy construction services to customers in the resource development and industrial construction sectors within Western Canada. The Company’s operating divisions include Heavy Construction and Mining; Industrial, and Tailings & Environmental Construction.

Dividend History for North American Energy Partners Inc.(USA) (NYSE:NOA)

Receive News & Ratings for North American Energy Partners Inc.(USA) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for North American Energy Partners Inc.(USA) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply