Quanta Services approves $1B share buyback and declares quarterly dividend

Quanta Services (NYSE:PWR) announced today that its board of directors has authorized a new $1 billion stock repurchase program and declared its latest quarterly cash distribution.

The infrastructure solutions provider declared a quarterly cash dividend of $0.11 per share, which tracks to an annualized distribution rate of $0.44 per share.

The dividend will be paid on July 13, 2026, to stockholders of record at the close of business on July 1, 2026.

Alongside the cash distribution, the board authorized a new common stock repurchase framework allowing management to buy back up to $1 billion of outstanding shares from time to time.

The incoming mandate directly succeeds the company’s previous share buyback plan, which is scheduled to expire on June 30, 2026.

Under that expiring program, Quanta deployed approximately $135 million to acquire 540,788 shares on the open market.