North American Construction Group Ltd.
NOAEnergy · Stock · quarterly payer
Forward Yield
2.55%
Annual Dividend
$0.34
Payout Ratio
43%
5-Yr Growth
23.3%
Ex-Date
Jun 3, 2026
Frequency
Quarterly
Summary
As of July 2026, North American Construction Group Ltd. (NOA) yields 2.55% ($0.34 per share annually), with a blended fair-value estimate of $13.76 — +4% upside, so it screens as fairly valued. Dividend safety grade: C (58/100). 7 years of dividend growth.
Is NOA a good dividend stock?
Yes, with caveatsNorth American Construction Group Ltd. (NOA) pays a quarterly dividend yielding 2.55% ($0.34/yr), with 7 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (43%)
- Strong 23.3% 5-yr dividend growth
Risks
- Cut its dividend in 2018
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 2.55%
- Payout Ratio
- 43%
- Annual Dividend
- $0.34
- 5-Yr Avg Growth
- 23.3%
- Ex-Dividend Date
- Jun 3, 2026
- Years of Growth
- 7
- Frequency
- quarterly
- Beta
- 1.15
- Market Cap
- $358.0M
- P/E Ratio
- 16.7
- 5-Yr Total Return
- -7%
- 52-Week Range
- $12.07 – $17.26
- Dividend Safety
- C · 58/100
- Ever Cut?
- Yes (2018)
Frequently Asked Questions
NOA Price — Last 12 Months
Daily close
Price Return
1 Year
-3%
3 Years
-46%
5 Years
-7%
52-Week Range
$12.07 – $17.26
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NOA worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for North American Construction Group Ltd. is $13.76 per share, versus a market price of $13.26. That implies the stock is roughly fairly priced.
Fair Value
$13.76
Current Price
$13.26
Gap
+4%
Margin of Safety
4%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 12.9% annual free-cash-flow growth. We model 12.5% — so the price already assumes faster growth than we think is likely.
Assumptions: 10.0% discount rate (CAPM), 12.5% stage-1 growth, 2.5% terminal growth, $0.79 EPS, $0.34 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NOA Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 3, 2026 | — | $0.0870 | regular |
| Mar 26, 2026 | — | $0.0870 | regular |
| Jun 4, 2025 | — | $0.0870 | regular |
| Mar 13, 2025 | — | $0.0840 | regular |
| Nov 27, 2024 | — | $0.0850 | regular |
| Aug 30, 2024 | — | $0.0740 | regular |
| May 31, 2024 | — | $0.0730 | regular |
| Mar 7, 2024 | — | $0.0740 | regular |
| Nov 29, 2023 | — | $0.0740 | regular |
| Aug 30, 2023 | — | $0.0740 | regular |
| May 25, 2023 | — | $0.0740 | regular |
| Mar 2, 2023 | — | $0.0740 | regular |
| Nov 29, 2022 | — | $0.0590 | regular |
| Aug 30, 2022 | — | $0.0620 | regular |
Income Calculator
At $0.34 / yr per share
