SmarterDividends
NOA

North American Construction Group Ltd.

NOA

Energy · Oil & Gas Equipment & Services · Stock · quarterly payer

$11.59

Fairly valued · +1% Add to Portfolio

Forward Yield

2.91%

Annual Dividend

$0.34

Payout Ratio

43%

5-Yr Growth

23.3%

Ex-Date

Aug 28, 2026

Frequency

Quarterly

Key facts about NOA's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, North American Construction Group Ltd. (NOA) has a forward dividend yield of 2.91%, based on an annual dividend of $0.34 per share and a share price of $11.59.
  • As of Oct 18, 2026, NOA's dividend safety grade from SmarterDividends is C (51 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, North American Construction Group Ltd. (NOA) has raised its dividend for 7 consecutive years as of Oct 18, 2026.
  • NOA last cut its regular dividend in 2018.
  • NOA's most recent ex-dividend date was Aug 28, 2026, for a dividend of $0.0870 per share.
  • As of Oct 18, 2026, NOA pays out 43% of its trailing 12-month earnings as dividends (its payout ratio).
  • NOA's dividend has grown at an average rate of 23.3% a year over the past five years.
  • As of Oct 18, 2026, NOA's 2.91% yield is 110% above its five-year average yield of 1.38%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for NOA is $11.73 per share, 1% above the $11.59 share price, so NOA screens as fairly valued.
  • North American Construction Group Ltd. (NOA) pays its dividend quarterly, 4 times a year.
  • North American Construction Group Ltd. (NOA) has raised its regular dividend 12 times and cut it 12 times across the 49 payments on record since 2014. Its most recent change was a 3.6% increase to $0.0870 per share, going ex-dividend on Jun 4, 2025. The last cut went ex-dividend on Mar 13, 2025.
Cite this page

SmarterDividends, "NOA Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/NOA

Summary

As of Oct 18, 2026, North American Construction Group Ltd. (NOA) yields 2.91% ($0.34 a year per share), has a dividend safety grade of C (51/100) and has 7 consecutive years of dividend increases on record.

Is NOA a good dividend stock?

Mixed

North American Construction Group Ltd. (NOA) pays a quarterly dividend yielding 2.91% ($0.34/yr), with 7 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

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
2.91%
Payout Ratio
43%
Annual Dividend
$0.34
5-Yr Avg Growth
23.3%
Ex-Dividend Date
Aug 28, 2026
Years of Growth
7
Frequency
quarterly
Beta
1.18
Market Cap
$311.9M
P/E Ratio
14.3
5-Yr Total Return
-19%
52-Week Range
$10.85 – $17.26
Dividend Safety
C · 51/100
Ever Cut?
Yes (2018)

NOA dividend raises and cuts

North American Construction Group Ltd. (NOA) has raised its regular dividend 12 times and cut it 12 times across the 49 payments on record since 2014. Its most recent change was a 3.6% increase to $0.0870 per share, going ex-dividend on Jun 4, 2025. The last cut went ex-dividend on Mar 13, 2025.

Ex-dateChangeOld → newMove
Jun 4, 2025Raise$0.0840 → $0.0870+3.6%
Mar 13, 2025Cut$0.0850 → $0.0840−1.2%
Nov 27, 2024Raise$0.0740 → $0.0850+14.9%
Aug 30, 2024Raise$0.0730 → $0.0740+1.4%
May 31, 2024Cut$0.0740 → $0.0730−1.4%
Mar 2, 2023Raise$0.0590 → $0.0740+25.4%
Nov 29, 2022Cut$0.0620 → $0.0590−4.8%
May 26, 2022Cut$0.0630 → $0.0620−1.6%
Mar 3, 2022Raise$0.0310 → $0.0630+103.2%
Nov 29, 2021Cut$0.0320 → $0.0310−3.1%
Aug 30, 2021Cut$0.0330 → $0.0320−3.0%
May 27, 2021Raise$0.0320 → $0.0330+3.1%
Show all 24 changes since 2014
Ex-dateChangeOld → newMove
Mar 3, 2021Raise$0.0310 → $0.0320+3.2%
Nov 27, 2020Raise$0.0300 → $0.0310+3.3%
Aug 28, 2020Raise$0.0290 → $0.0300+3.4%
May 28, 2020Cut$0.0300 → $0.0290−3.3%
Aug 29, 2019Raise$0.0150 → $0.0300+100.0%
May 30, 2018Cut$0.0160 → $0.0150−6.3%
Aug 29, 2017Raise$0.0150 → $0.0160+6.7%
Sep 28, 2015Cut$0.0160 → $0.0150−6.3%
Jun 26, 2015Cut$0.0170 → $0.0160−5.9%
Dec 29, 2014Cut$0.0180 → $0.0170−5.6%
Sep 26, 2014Cut$0.0190 → $0.0180−5.3%
Jun 26, 2014Raise$0.0180 → $0.0190+5.6%
Every NOA payment →Download every raise and cut (CSV)
NOA ex-dividend date & scheduleNext ex-date Aug 28, 2026 · full ex-dividend historyView →NOA dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is NOA a good dividend stock?

Mixed. North American Construction Group Ltd. (NOA) pays a quarterly dividend yielding 2.91% ($0.34/yr), with 7 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Is NOA undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NOA's fair value is about $11.73 versus a $11.59 share price — so it looks fairly valued (+1% vs. fair value).

Is NOA's dividend safe?

NOA has a dividend-safety grade of C (51/100), based on its payout coverage, free-cash-flow, 7-year growth streak, a dividend cut in 2018, debt and yield-versus-history.

What is NOA's fair value?

Our blended fair-value estimate for NOA is about $11.73 per share, roughly 1% above the current $11.59 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is NOA a buy, hold, or sell?

We don't issue formal ratings, but on the data NOA screens as "mixed" and fairly valued. North American Construction Group Ltd. (NOA) pays a quarterly dividend yielding 2.91% ($0.34/yr), with 7 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

Will NOA cut its dividend?

NOA earns a dividend-safety grade of C (51/100), and has cut its dividend before (last in 2018). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does NOA pay a dividend?

Yes. North American Construction Group Ltd. pays a quarterly dividend of about $0.34 per share annually, a forward yield of roughly 2.91%.

What is NOA's dividend yield?

As of Oct 18, 2026, NOA's forward dividend yield is 2.91%, based on a $0.34 annual dividend and a $11.59 share price.

What is NOA's dividend per share?

As of Oct 18, 2026, NOA pays $0.34 per share per year, distributed on a quarterly basis.

What is NOA's dividend payout ratio?

As of Oct 18, 2026, NOA's payout ratio is 43% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has NOA grown its dividend?

As of Oct 18, 2026, NOA has increased its dividend for 7 consecutive years.

When is the next NOA ex-dividend date?

As of Oct 18, 2026, NOA's next ex-dividend date hasn't been announced. The most recent was Aug 28, 2026, for $0.0870 per share.

Income Calculator

At $0.34 / yr per share

Per payment (quarterly)$8.50
Annual$34.00
Monthly avg$2.83

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