Primoris Services Corporation (NYSE:PRIM) to Issue $0.08 Quarterly Dividend

Primoris Services Corporation (NYSE:PRIM) announced a quarterly dividend on Tuesday, February 17th. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.08 per share on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Tuesday, March 31st.

Primoris Services has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Primoris Services has a payout ratio of 6.4% meaning its dividend is sufficiently covered by earnings.

Primoris Services Trading Up 2.2%

NYSE PRIM opened at $143.67 on Friday. The firm has a market cap of $7.79 billion, a PE ratio of 28.56 and a beta of 1.36. The stock’s 50 day simple moving average is $149.73. Primoris Services has a 12-month low of $49.10 and a 12-month high of $174.43. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.26 and a quick ratio of 1.26.

Primoris Services (NYSE:PRIM) last posted its quarterly earnings results on Monday, February 23rd. The company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.13. Primoris Services had a return on equity of 18.67% and a net margin of 3.63%.The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the business earned $1.13 earnings per share. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. Primoris Services has set its FY 2026 guidance at 5.800-6.000 EPS.

Primoris Services Company Profile

Primoris Services Corporation, a specialty contractor company, provides a range of construction, fabrication, maintenance, replacement, and engineering services in the United States and Canada. It operates through three segments: Utilities, Energy/Renewables, and Pipeline Services. The Utilities segment offers installation and maintenance services for new and existing natural gas distribution systems, electric utility distribution and transmission systems, and communications systems. The Energy/Renewables segment provides a range of services, including engineering, procurement, and construction, as well as retrofits, highway and bridge construction, demolition, site work, soil stabilization, mass excavation, flood control, upgrades, repairs, outages, and maintenance services to renewable energy and energy storage, renewable fuels, petroleum, refining, and petrochemical industries, as well as state departments of transportation.