Tutor Perini Corporation (NYSE:TPC) Plans Dividend Increase - $0.09 Per Share

Key Points

• Tutor Perini increased its quarterly dividend 50%, from $0.06 to $0.09 per share. The dividend is payable September 3 to shareholders of record on August 19, with a 0.4% annualized yield.
• The dividend appears well covered, with a current payout ratio of 7.5%; analysts expect a 4.2% future payout ratio based on projected earnings of $5.69 per share.
• Tutor Perini reported quarterly earnings of $1.74 per share, beating estimates by $1.07, while revenue rose 19.2% year over year to $1.64 billion.

Tutor Perini Corporation (NYSE:TPC - Get Free Report) declared a quarterly dividend on Wednesday, August 5th. Stockholders 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 dividend yield of 0.4%. The ex-dividend date of this dividend 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

Shares of NYSE TPC traded up $13.88 during mid-day trading on Thursday, hitting $98.43. The company had a trading volume of 680,081 shares, compared to its average volume of 653,475. Tutor Perini has a 12 month low of $53.83 and a 12 month high of $102.30. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market cap of $5.18 billion, a P/E ratio of 67.58 and a beta of 2.05. The business's 50-day simple moving average is $78.54 and its 200-day simple moving average is $79.12.

Tutor Perini (NYSE:TPC - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.57 billion. Tutor Perini had a return on equity of 19.92% and a net margin of 1.37%.Tutor Perini's revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.38 EPS. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. As a group, analysts predict that Tutor Perini will post 5.18 earnings per share for the current fiscal 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.

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