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

Tutor Perini Corporation (NYSE:TPC) declared a quarterly dividend on Wednesday, August 5th. Investors 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) annualized dividend 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 Stock Performance

NYSE TPC traded up $14.05 on Thursday, hitting $98.61. 714,966 shares of the stock traded hands, compared to its average volume of 653,575. The firm has a market capitalization of $5.19 billion, a price-to-earnings ratio of 67.08 and a beta of 2.05. The business’s fifty day moving average is $78.54 and its two-hundred day moving average is $79.12. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.28 and a current ratio of 1.28. Tutor Perini has a 12 month low of $53.83 and a 12 month high of $102.30.

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

About Tutor Perini

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.