Civeo Co. (NYSE:CVEO) Declares $0.25 Quarterly Dividend

Civeo Co. (NYSE:CVEO) declared a quarterly dividend on Friday, January 31st, RTT News reports. Stockholders of record on Monday, February 24th will be given a dividend of 0.25 per share by the business services provider on Monday, March 17th. This represents a $1.00 annualized dividend and a dividend yield of 3.65%. The ex-dividend date is Monday, February 24th.

Civeo has a payout ratio of 144.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Civeo to earn $0.40 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 250.0%.

Civeo Stock Performance

CVEO opened at $27.37 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.28 and a current ratio of 1.36. The stock has a market capitalization of $376.82 million, a price-to-earnings ratio of 19.55 and a beta of 2.00. The company has a fifty day moving average of $23.61 and a 200 day moving average of $25.47. Civeo has a fifty-two week low of $21.15 and a fifty-two week high of $28.92.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Civeo from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 29th.

Civeo Company Profile

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile assets, including modular, skid-mounted accommodation, and central facilities that provide short to medium-term accommodation needs.