Quanta Services Declares $0.11 Dividend, Unveils $1B Buyback, Adds Joseph Kim
Quanta Services declared a quarterly cash dividend of $0.11 per share ($0.44 annualized) payable July 13 to shareholders of record July 1 and launched a new $1 billion stock repurchase program following $135 million in share purchases. The company appointed Joseph Kim, former Sunoco GP CEO, to its Board for energy and logistics expertise.
1. Quarterly Dividend Declared
Quanta Services’ Board of Directors approved a quarterly cash dividend of $0.11 per share, representing an annualized rate of $0.44. The dividend will be paid on July 13, 2026 to shareholders of record as of July 1, 2026.
2. $1 Billion Stock Repurchase Program
The Board authorized a new $1 billion repurchase program to acquire outstanding common stock at management’s discretion. Under its expiring program, the company bought 540,788 shares for approximately $135 million; repurchases may occur via open-market or privately negotiated transactions.
3. Board Appointment of Joseph Kim
Joseph Kim has joined Quanta Services’ Board of Directors, bringing leadership experience as President and CEO of Sunoco GP LLC and prior executive roles at Pizza Hut and Valero Energy. His expertise spans supply chain, logistics and strategic operations within the energy sector.