Granite Declares Quarterly Dividend

Rhea-AI Summary

Granite Construction Incorporated (NYSE: GVA) has declared a quarterly cash dividend of $0.13 per common share. The dividend is set to be paid on January 14, 2022 to shareholders on record as of the close of business on December 31, 2021. This announcement reaffirms Granite's commitment to returning value to its shareholders while maintaining its position as a leader in the construction and infrastructure sector in the U.S.

Positive

• Quarterly cash dividend of $0.13 per share indicates financial stability and commitment to shareholders.

Negative

• None.

WATSONVILLE, Calif.--(BUSINESS WIRE)-- Granite Construction Incorporated (NYSE: GVA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on January 14, 2022 to all shareholders of record at the close of business on December 31, 2021.

About Granite

Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite provider in the transportation, water infrastructure and mineral exploration markets. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit graniteconstruction.com, and connect with Granite on LinkedIn, Twitter, Facebook and Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211208006080/en/

Media

Erin Kuhlman, 831-768-4111

or

Investors

Wenjun Xu, 831-761-7861

Source: Granite Construction Incorporated

FAQ

What is the dividend amount declared by Granite Construction (GVA)?

Granite Construction has declared a quarterly cash dividend of $0.13 per share.

When will the dividend for Granite Construction (GVA) be paid?

The dividend is payable on January 14, 2022.

What is the record date for the dividend payment of Granite Construction (GVA)?

The record date for the dividend payment is December 31, 2021.

How frequently does Granite Construction (GVA) pay dividends?

Granite Construction typically pays dividends quarterly.

Is the dividend from Granite Construction (GVA) sustainable?

The announcement of the dividend suggests financial health, but ongoing sustainability depends on the company's performance.