Tutor Perini Declares $0.06 Quarterly Dividend Amid Record Cash Flow
Tutor Perini Corp (NYSE: TPC), a civil and building construction company, declared a quarterly cash dividend of $0.06 per share in November 2025. The announcement came as the company reported record operating cash flow of $748 million for the year.
Tutor Perini Corp (NYSE: TPC), a civil and building construction company, declared a quarterly cash dividend of $0.06 per share in November 2025. The company's Board of Directors approved the dividend as part of a broader capital allocation strategy that also includes a new $200 million share repurchase program. Read more dividend announcements.
The dividend declaration follows a record year for the company, which generated $748 million in operating cash flow during 2025, marking its fourth consecutive year of record cash generation. Over the past four years, Tutor Perini has produced $1.8 billion in operating cash flow.
| Dividend Details | Information |
|---|---|
| Amount | $0.06 per share |
| Frequency | Quarterly |
| Declaration Date | November 2025 |
| Record Date | Not disclosed |
| Ex-Dividend Date | Not disclosed |
| Payment Date | Not disclosed |
Balance Sheet Strengthening
The company ended 2025 with total debt of $407 million, down 24% from $534 million at the end of 2024. Tutor Perini's cash position exceeded its total debt by $327 million as of December 31, 2025, providing what management described as "significant financial flexibility to support growth, return capital to shareholders, and further strengthen the balance sheet."
The company reduced its balance of costs and estimated earnings in excess of billings to $819 million as of December 31, 2025, down $123 million or 13% compared to year-end 2024. This marked the lowest level since the second quarter of 2016, driven primarily by billings and collections related to the resolution of various disputed matters.
Operational Performance
Tutor Perini booked $7.4 billion in new awards during 2025, driving double-digit backlog growth. The company reported its highest-ever annual revenue and operating cash flow for the year while returning to strong profitability.
Chief Executive Officer and President Gary Smalley stated the company had "perhaps its best year ever in 2025" and noted that management remains "laser-focused on cash." The company's backlog provides visibility into future revenue and earnings growth, according to the announcement.