QUANTA SERVICES INC
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 31, 2024
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11. Equity
- EQUITY:
Stock Repurchases
On May 23, 2023, Quanta’s Board of Directors approved a stock repurchase program that authorizes Quanta to purchase, from time to time through June 30, 2026, up to $500 million of its outstanding common stock. As of September 30, 2024, $499.7 million remained available under this repurchase program.
Repurchases may be implemented through open market repurchases or privately negotiated transactions, at management’s discretion, based on market and business conditions, applicable contractual and legal requirements and other factors. Quanta is not obligated to acquire any specific amount of common stock, and the repurchase program may be modified or terminated by Quanta’s Board of Directors at any time at its sole discretion and without notice.
Dividends
Quanta declared and paid the following cash dividends and cash dividend equivalents during 2023 and the first nine months of 2024 (in thousands, except per share amounts):
| Declaration | Record | Payment | Dividend | Dividends |
|---|---|---|---|---|
| Date | Date | Date | Per Share | Declared |
| August 28, 2024 | October 1, 2024 | October 11, 2024 | $0.09 | $13,532 |
| May 23, 2024 | July 1, 2024 | July 12, 2024 | $0.09 | $13,521 |
| March 28, 2024 | April 9, 2024 | April 17, 2024 | $0.09 | $13,477 |
| December 5, 2023 | January 2, 2024 | January 12, 2024 | $0.09 | $13,412 |
| August 30, 2023 | October 2, 2023 | October 13, 2023 | $0.08 | $12,430 |
| May 23, 2023 | July 3, 2023 | July 14, 2023 | $0.08 | $11,893 |
| March 29, 2023 | April 10, 2023 | April 18, 2023 | $0.08 | $12,100 |
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