BuybackMay 27, 2026, 04:37 PM
Quanta Services Authorizes New $1B Stock Buyback; Declares $0.11 Dividend
AI Summary
Quanta Services, Inc. announced a new stock repurchase program authorizing the company to buy back up to $1.0 billion of its common stock, effective May 21, 2026. Additionally, the Board declared a quarterly cash dividend of $0.11 per share. The company also held its 2026 Annual Meeting of Stockholders, where all ten director nominees were elected, the advisory vote on executive compensation was approved, and PricewaterhouseCoopers LLP was ratified as the independent auditor. Joseph Kim was also elected as a new independent director to the Board.
Key Highlights
- Quanta Services authorized a new stock repurchase program of up to $1.0 billion of its outstanding common stock.
- The Board declared a quarterly cash dividend of $0.11 per share, payable July 13, 2026.
- Joseph Kim was elected as a new independent director to the Board of Directors.
- All ten director nominees were elected to serve one-year terms expiring at the 2027 Annual Meeting.
- The advisory resolution approving executive compensation was approved with 114,220,186 votes for.
- PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for fiscal year 2026 with 125,199,372 votes for.
Price Impact
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