Quanta Services, Inc. (PWR) announced today that its Board of Directors has declared a quarterly cash dividend to stockholders of $0.08 per share, or a rate of $0.32 per share on an annualized basis, which represents an approximately 14% increase from Quanta's last quarterly cash dividend paid in October 2022. The dividend is payable on January 13, 2023, to stockholders of record as of January 3, 2023. The dividend yield is 0.2% at a stock price of $144.
Quanta Services is a leading specialized contracting services company, delivering comprehensive infrastructure solutions for the utility, renewable energy, communications, pipeline and energy industries. Quanta's comprehensive services include designing, installing, repairing and maintaining energy and communications infrastructure. Quanta has been paying a dividend since 2018.