Granite Construction Incorporated (NYSE:GVA) Announces $0.13 Quarterly Dividend

Granite Construction Incorporated (NYSE:GVA – Get Free Report) declared a quarterly dividend on Thursday, September 10th. Shareholders of record on Wednesday, September 30th will be paid a dividend of 0.13 per share by the construction company on Thursday, October 15th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, September 30th.

Granite Construction has a payout ratio of 8.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Granite Construction to earn $8.24 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 6.3%.

Get Granite Construction alerts:

Granite Construction Stock Down 1.3%

Shares of GVA stock opened at $115.12 on Friday. Granite Construction has a 12 month low of $97.26 and a 12 month high of $162.08. The firm has a market cap of $5.04 billion, a PE ratio of -26.71 and a beta of 1.32. The stock has a 50 day moving average of $124.48 and a 200-day moving average of $129.94. The company has a quick ratio of 0.94, a current ratio of 1.01 and a debt-to-equity ratio of 1.46.

Granite Construction (NYSE:GVA – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The construction company reported $2.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.09). Granite Construction had a positive return on equity of 27.83% and a negative net margin of 3.32%.The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the previous year, the business posted $1.42 EPS. The company’s revenue was up 28.8% on a year-over-year basis. On average, equities analysts predict that Granite Construction will post 6.36 EPS for the current year.

About Granite Construction

(Get Free Report)

Granite Construction Incorporated (NYSE:GVA) is a civil infrastructure contractor that delivers construction and engineering services for public and private-sector customers. The company’s work includes the development and rehabilitation of transportation infrastructure such as highways, roads, bridges, airports, rail systems and mass-transit facilities.

Granite also provides services for water and wastewater systems, dams, utilities and other complex infrastructure projects. Its capabilities include project development, construction management, design-build delivery, general contracting, excavation, paving and related construction services.

Recommended Stories

• Five stocks we like better than Granite Construction
• IBM and Lockheed Martin Turn a Swiss Defense Deal Into a Quantum Computing Bet
• AeroVironment’s Record Backlog and Earnings Beat Fuel Recovery Case
• Corning Just Locked In a Massive Verizon Fiber Deal as AI Infrastructure Expands
• 3 Under-$20 Stocks Tied to the Future of U.S. Energy and Materials

Receive News & Ratings for Granite Construction Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Granite Construction and related companies with MarketBeat.com's FREE daily email newsletter.