North American Energy Partners Inc. (TSE:NOA) (NYSE:NOA) shares rose 0.7% on Friday . The stock traded as high as C$5.79 and last traded at C$5.65. Approximately 8,400 shares changed hands during trading, a decline of 85% from the average daily volume of 55,304 shares. The stock had previously closed at C$5.61.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 1.37%. The ex-dividend date is Wednesday, November 29th. North American Energy Partners’s payout ratio is 200.00%.
In related news, Director Bryan Daniel Pinney bought 10,000 shares of North American Energy Partners stock in a transaction dated Friday, December 1st. The shares were bought at an average cost of C$4.25 per share, with a total value of C$42,500.00. Also, insider North American Energy Partners bought 43,000 shares of North American Energy Partners stock in a transaction dated Thursday, September 28th. The shares were bought at an average cost of C$5.46 per share, for a total transaction of C$234,780.00. Insiders have acquired a total of 299,900 shares of company stock worth $1,585,850 in the last quarter.
North American Energy Partners 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.
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