The construction firm increases its quarterly payout to $0.09 from $0.06, marking a 50% rise with a forward yield of 0.43%.
Tutor Perini Corp. announced a 50% increase in its quarterly dividend to $0.09 per share, up from the previous $0.06. The move reflects the company’s confidence in its financial position and cash flow stability.
The new dividend represents a forward yield of 0.43%, based on current share prices. The payout will be distributed on September 3 to shareholders of record as of August 19, with the ex-dividend date also set for August 19.
The increase follows a period of steady performance in the construction sector, though yields remain modest compared to broader market averages.