HOUSTON, Nov. 21,
2024 /PRNewswire/ -- Quanta Services, Inc. (NYSE:
PWR) announced today that its Board of Directors has declared a
quarterly cash dividend to stockholders of $0.10 per share, or a rate of $0.40 per share on an annualized basis, which
represents an approximately 11.1% increase from Quanta's last
quarterly cash dividend paid in October
2024. The dividend is payable on January 13, 2025, to stockholders of record as of
January 2, 2025.
About Quanta Services
Quanta Services is a leading
specialized contracting services company, delivering comprehensive
infrastructure solutions for the utility, renewable energy,
technology, 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.
Cautionary Statement About Forward-Looking Statements and
Information
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; Quanta's ability to deliver increased value or
return capital to stockholders; and future capital allocation
initiatives, including the amount and timing of, and strategies
with respect to, any future cash dividends; 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. These forward-looking statements
are not guarantees of future performance, involve or rely on a
number of risks, uncertainties, and assumptions that are difficult
to predict or are beyond our control, and reflect management's
beliefs and assumptions based on information available at the time
the statements are made. We caution you that actual outcomes and
results may differ materially from what is expressed, implied or
forecasted by our forward-looking statements and that any or all of
our forward-looking statements may turn out to be inaccurate or
incorrect. Forward-looking statements can be affected by inaccurate
assumptions and by known or unknown risks and uncertainties,
including, among others, market, 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; 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 December 31, 2023,
Quanta's Quarterly Reports on Form 10-Q for the quarters ended
March 31, 2024, June 30, 2024 and September 30, 2024 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,
IRC
Quanta Services, Inc.
(713) 341-7260
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SOURCE Quanta Services, Inc.