Tutor Perini Corporation (NYSE:TPC) Announces Quarterly Dividend of $0.09

Tutor Perini Corporation (NYSE:TPC) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Wednesday, August 19th will be given a dividend of 0.09 per share by the construction company on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, August 19th. This is a 50.0% increase from Tutor Perini’s previous quarterly dividend of $0.06.

Tutor Perini has a dividend payout ratio of 7.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Tutor Perini to earn $5.69 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 4.2%.

Tutor Perini Price Performance

Shares of NYSE:TPC traded up $13.88 during trading on Thursday, reaching $98.43. 680,081 shares of the company traded hands, compared to its average volume of 653,475. The firm has a market capitalization of $5.18 billion, a PE ratio of 67.58 and a beta of 2.05. Tutor Perini has a 52 week low of $53.83 and a 52 week high of $102.30. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.31. The company’s 50 day moving average is $78.54 and its two-hundred day moving average is $79.12.

Tutor Perini (NYSE:TPC) last posted its quarterly earnings results on Wednesday, August 5th. The construction company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $1.07. Tutor Perini had a return on equity of 19.92% and a net margin of 1.37%.The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the firm earned $0.38 earnings per share. Tutor Perini’s revenue for the quarter was up 19.2% compared to the same quarter last year. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. As a group, sell-side analysts predict that Tutor Perini will post 5.18 earnings per share for the current year.

Tutor Perini Company Profile

Tutor Perini Corporation is a leading U.S. construction company that provides diversified general contracting, construction management and design-build services to private clients and public agencies. The company operates through three principal market segments—Civil, Building and Specialty Contractors—serving a broad range of infrastructure and vertical construction needs.

In its Civil segment, Tutor Perini delivers heavy civil infrastructure projects including highways and bridges, water management, dams, tunnels and rail systems.