Quanta Services Announces Quarterly Cash Dividend

Rhea-AI Summary

Quanta Services, a leading specialized contracting services company, declared a quarterly cash dividend of $0.06 per share. This dividend is scheduled for payment on April 15, 2021, to stockholders of record by April 6, 2021. Quanta provides infrastructure solutions across various sectors including utilities and communications, with operations in North America, Australia, and select international markets. The announcement highlights the company's ongoing commitment to returning value to its shareholders.

Positive

• Quarterly cash dividend of $0.06 per share enhances shareholder value.

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• None.

HOUSTON, March 26, 2021 /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) announced today that its Board of Directors has declared a quarterly cash dividend to stockholders of $0.06 per share. The dividend is payable on April 15, 2021, to stockholders of record as of April 6, 2021.

About Quanta Services

Quanta Services is a leading specialized contracting services company, delivering comprehensive infrastructure solutions for the utility, communications, pipeline and energy industries. Quanta's comprehensive services include designing, installing, repairing and maintaining energy and communications infrastructure. With operations throughout the United States, Canada, Australia and select other international markets, Quanta has the manpower, resources and expertise to safely complete projects that are local, regional, national or international in scope. For more information, visit www.quantaservices.com.

Forward Looking Statements 
This press release (and any oral statements regarding the subject matter of this press release) contains forward-looking statements intended to qualify for the "safe harbor" from liability established by the Private Securities Litigation Reform Act of 1995.  Forward-looking statements include, but are not limited to, statements relating to expectations regarding the declaration, amount or timing of any future dividends; expectations regarding Quanta's business or financial outlook; and Quanta's ability to deliver increased value or return capital to stockholders; as well as statements reflecting expectations, intentions, assumptions or beliefs about future events and other statements that do not relate strictly to historical or current facts. Although Quanta's management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. These statements can be affected by inaccurate assumptions and by a variety of risks and uncertainties that are difficult to predict or beyond our control, including, among others, market conditions; the effects of industry, economic, financial or political conditions outside of the control of Quanta, quarterly variations in operating results, liquidity, financial condition, cash flows, capital requirements, reinvestment opportunities or other financial results; the severity, magnitude and duration of the COVID-19 pandemic trends and growth opportunities in relevant markets; requirements relating to dividends under Delaware law and the credit agreement for Quanta's senior credit facility; and other risks and uncertainties detailed in Quanta's Annual Report on Form 10-K for the year ended Dec. 31, 2020 and any other documents that Quanta files with the Securities and Exchange Commission (SEC). For a discussion of these risks, uncertainties and assumptions, investors are urged to refer to Quanta's documents filed with the SEC that are available through the company's website at www.quantaservices.com or through the SEC's Electronic Data Gathering and Analysis Retrieval System (EDGAR) at www.sec.gov. Should one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expressed or implied in any forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which are current only as of this date. Quanta does not undertake and expressly disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Quanta further expressly disclaims any written or oral statements made by any third party regarding the subject matter of this press release.

Investors - Kip Rupp, CFA	Media – Jenna Jackson
Quanta Services, Inc.	Quanta Services, Inc.
(713) 341-7260	(713) 341-6741

 

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SOURCE Quanta Services, Inc.

FAQ

What is the dividend amount announced by Quanta Services (PWR)?

Quanta Services has announced a quarterly cash dividend of $0.06 per share.

When is the dividend payment date for Quanta Services (PWR)?

The dividend payment date is set for April 15, 2021.

What is the record date for Quanta Services (PWR) dividend?

The record date for the dividend is April 6, 2021.

How often does Quanta Services (PWR) pay dividends?

Quanta Services typically pays dividends quarterly.

Is the dividend from Quanta Services (PWR) sustainable?

Quanta Services has expressed commitment to returning value to shareholders, but future dividends depend on market conditions and company performance.