Quanta Services Inc. (NYSE: PWR) announced its board of directors declared a quarterly cash dividend of $0.11 per share, representing an annualized rate of $0.44 per share. The dividend will be paid July 13, 2026, to stockholders of record as of July 1, 2026.

The board also authorized a new $1 billion stock repurchase program, allowing the company to purchase outstanding common stock through open-market or privately negotiated transactions. The repurchases will be executed at management's discretion based on market conditions, business factors, and legal requirements.

Under the company's current repurchase program, which expires June 30, 2026, Quanta has acquired 540,788 shares for approximately $135 million through open-market transactions.

The company stated it is not obligated to purchase any specific amount of stock under the new program. The board may modify or terminate the repurchase authorization at any time without notice.

Quanta Services provides infrastructure solutions to utility, power generation, communications, pipeline, and energy industries. The company operates throughout the United States, Canada, Australia, and select international markets, offering design, installation, repair, and maintenance services for energy and communications infrastructure.