Tutor Perini Corporation (NYSE:TPC) Shareholders to Collect $0.09 Quarterly Dividend

Tutor Perini Corporation (NYSE:TPC) announced a quarterly dividend on Wednesday, November 4th. Stockholders of record on Thursday, November 19th will be given a dividend of $0.09 per share by the construction company on Thursday, December 3rd. This represents a $0.36 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, November 19th.

Tutor Perini has a dividend payout ratio of 11.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Tutor Perini to earn $6.10 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 5.9%.

Tutor Perini Price Performance

Shares of Tutor Perini stock opened at $82.64 on Thursday. The stock has a market cap of $4.35 billion, a P/E ratio of 35.62 and a beta of 2.12. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.29 and a current ratio of 1.29. The stock’s fifty day moving average is $84.02 and its 200 day moving average is $81.44. Tutor Perini has a one year low of $57.90 and a one year high of $102.30.

Tutor Perini (NYSE:TPC) last issued its quarterly earnings results on Wednesday, November 4th. The construction company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.49. Tutor Perini had a return on equity of 20.95% and a net margin of 2.08%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the prior year, the business posted $0.07 earnings per share. The business’s quarterly revenue was up 21.5% on a year-over-year basis. Sell-side analysts anticipate that Tutor Perini will post 5.39 earnings per share for the current year.

Tutor Perini Company Profile

Tutor Perini Corporation (NYSE:TPC) is a construction company that provides general contracting, construction management, and design-build services. Its operations are organized around civil, building, and specialty contracting activities, serving public agencies, private developers, and other institutional customers.

The company’s civil construction work includes major infrastructure such as highways, bridges, tunnels, mass-transit systems, airports, water and wastewater facilities, and other transportation and utility projects.