HOUSTON, May 24, 2024
/PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) announced
today that its Board of Directors has declared a quarterly cash
dividend to stockholders of $0.09 per
share, or a rate of $0.36 per share
on an annualized basis. The dividend is payable on July 12, 2024, to stockholders of record as of
July 1, 2024.
About Quanta Services
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. 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 Report on Form 10-Q for the quarter ended
March 31, 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.