Tutor Perini Corporation (TPC) to Issue Quarterly Dividend of $0.09 on September 3rd

Tutor Perini Corporation (NYSE:TPC) declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Wednesday, August 19th will be paid 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 11.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Tutor Perini to earn $6.25 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 5.8%.

Tutor Perini Price Performance

TPC opened at $96.75 on Monday. The firm has a market cap of $5.09 billion, a PE ratio of 41.70 and a beta of 2.05. The stock has a 50-day moving average price of $81.97 and a 200-day moving average price of $80.17. Tutor Perini has a 1 year low of $53.83 and a 1 year high of $102.30. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.29 and a quick ratio of 1.29.

Tutor Perini (NYSE:TPC) last announced its quarterly earnings data on Wednesday, August 5th. The construction company reported $1.74 EPS for the quarter, beating the consensus estimate of $0.67 by $1.07. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.57 billion. Tutor Perini had a net margin of 2.08% and a return on equity of 20.95%. Tutor Perini’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 EPS. Tutor Perini has set its FY 2026 guidance at 5.150-5.450 EPS. Sell-side analysts predict that Tutor Perini will post 5.48 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.