If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of North American Construction Group Ltd is 1.11, which seems too high.
During the past 13 years, the highest Dividend Payout Ratio of North American Construction Group was 1.11. The lowest was 0.10. And the median was 0.15.
During the past 12 months, North American Construction Group's average Dividends Per Share Growth Rate was 9.10% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 14.50% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 27.90% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 23.80% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of North American Construction Group was 38.70% per year. The lowest was 0.00% per year. And the median was 26.00% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
North American Construction Group (TSX:NOA) Dividend Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
North American Construction Group Dividend Yield % Chart
TSX:NOA vs SLB, BKR, HAL: Dividend Yield % Comparison
For the Oil & Gas Equipment & Services subindustry, North American Construction Group's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
North American Construction Group Dividend Yield % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, North American Construction Group's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where North American Construction Group's Dividend Yield % falls into.
North American Construction Group Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
North American Construction Group Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
CAD 0.120000
2026-06-03
2026-06-03
2026-07-03
Cash Dividend
quarterly
CAD:CAD 1.000000
CAD 0.120000
2026-03-26
2026-03-26
2026-04-09
Cash Dividend
quarterly
CAD:CAD 1.000000
CAD 0.120000
2025-11-26
2025-11-26
2026-01-09
Cash Dividend
quarterly
CAD:CAD 1.000000
CAD 0.120000
2025-08-29
2025-08-29
2025-10-03
Cash Dividend
quarterly
CAD:CAD 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
North American Construction Group (TSX:NOA) has a Dividend Yield % of 2.46% as of Jun. 26, 2026. Dividend yield is the ratio of company dividends to the share price. View historical data on North American Construction Group and its competitors. This is 81% above median its historical median of 1.36. Over the past decade, North American Construction Group's Dividend Yield % has ranged from 0.45 to 2.73. According to the industry distribution chart, North American Construction Group ranks #349 out of 500 companies in the Oil & Gas industry, placing it in the top 69.8%.
Is North American Construction Group's Dividend Yield % too high?
North American Construction Group's current Dividend Yield % of 2.46% is 81% above median its 10-year median of 1.36. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 2.73. The Oil & Gas industry median Dividend Yield % is 3.85. North American Construction Group's value of 2.46% is 36.1% below this industry median. Based on the distribution chart, North American Construction Group ranks #349 out of 500 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, North American Construction Group has a GF Score™ of 89/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does North American Construction Group's Dividend Yield % compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, North American Construction Group ranks #349 out of 500 companies for Dividend Yield %. This places North American Construction Group in the lower half of its industry. The industry median Dividend Yield % is 3.85. North American Construction Group's value of 2.46% is 36.1% below this benchmark. Historically, North American Construction Group's own Dividend Yield % has ranged from 0.45 to 2.73 over the past decade. While the company's 10-year median is 1.36 vs. the industry median of 3.85, North American Construction Group has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Yield % for an Oil & Gas company?
The median Dividend Yield % among Oil & Gas companies is 3.85, based on 500 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. North American Construction Group's current Dividend Yield % of 2.46% is 36.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Yield % mean?
A high Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Dividend yield is the ratio of company dividends to the share price. View historical data on North American Construction Group and its competitors. For the Oil & Gas industry, the median Dividend Yield % is 3.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. North American Construction Group's current Dividend Yield % is 2.46%, which is 81% above median its own 10-year median of 1.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is North American Construction Group stock overvalued right now?
Based on GuruFocus' analysis, North American Construction Group (TSX:NOA) is currently considered Possible Value Trap. The stock's GF Value™ is C$34.46, compared to a current price of C$19.51 — trading 43.4% below its estimated fair value. The current Dividend Yield % is 2.46%, which is 81% above median its 10-year median of 1.36 and 36.1% below the Oil & Gas industry median of 3.85. North American Construction Group's overall GF Score™ is 89/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Yield % calculated?
Dividend Yield % is calculated from a company's financial statements. For North American Construction Group (TSX:NOA), the current Dividend Yield % is 2.46% as of Jun. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is North American Construction Group (TSX:NOA) Overvalued in 2026?
Based on GuruFocus' analysis, North American Construction Group stock appears to be undervalued.
The current stock price of C$19.51 is trading 43.4% below its estimated GF Value™ of C$34.46.
GuruFocus considers North American Construction Group to be Possible Value Trap.
Key valuation signals for TSX:NOA:
Dividend Yield %: 2.46% (81% above median its 10-year median of 1.36)
GF Value™: C$34.46 vs. price of C$19.51 (43.4% below fair value)
Industry Position: 36.1% below the Oil & Gas median (#349 of 500)
No single metric tells the full story. See the TSX:NOA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
North American Construction Group Business Description
North American Construction Group Ltd is Canada's heavy civil construction and mining contractor provider. The company has provided services to oil, natural gas, and resource companies. The Company provides a wide range of mining and heavy civil construction services to customer in the resource development and industrial construction sectors within Canada, the United States, and Australia. The Company's reportable segments are Heavy Equipment Canada, Heavy Equipment Australia, and Other. Heavy Equipment Canada and Heavy Equipment Australia include all of aspects of the mining and heavy civil construction services provided within those geographic areas. Other includes mine management contract work in the United States, its external maintenance and rebuild programs.
89GF Score
Get the complete analysis for TSX:NOA
Dividend Yield % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSX:NOA has been successfully added to your 
