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. The Pipeline Services segment offers a range of services comprising pipeline construction, maintenance, facility, and integrity services; installation of compressor and pump stations; and metering facilities for entities in the petroleum and petrochemical industries, as well as gas, water, and sewer utilities. The company was founded in 1960 and is headquartered in Dallas, Texas.
Primoris Services Dividend Announcement
• Primoris Services announced a quarterly dividend of $0.08 per ordinary share which will be made payable on 2025-01-15. Ex dividend date: 2024-12-31
• Primoris Services annual dividend for 2024 was $0.56
• Primoris Services annual dividend for 2023 was $0.24
• Primoris Services's trailing twelve-month (TTM) dividend yield is 0.64%
• Primoris Services's payout ratio for the trailing twelve months (TTM) is 7.80%
• Primoris Services's dividend growth over the last ten years (2013-2023) was 5.92% year
Primoris Services Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-31 | $0.08 | quarterly | 2025-01-15 |
2024-09-27 | $0.06 | quarterly | 2024-10-11 |
2024-08-19 | $0.30 | quarterly | 2024-08-30 |
2024-06-28 | $0.06 | quarterly | 2024-07-15 |
2024-03-27 | $0.06 | quarterly | 2024-04-15 |
2023-12-28 | $0.06 | quarterly | 2024-01-12 |
2023-09-28 | $0.06 | quarterly | 2023-10-13 |
2023-06-29 | $0.06 | quarterly | 2023-07-14 |
2023-03-30 | $0.06 | quarterly | 2023-04-14 |
2022-12-29 | $0.06 | quarterly | 2023-01-13 |
2022-09-29 | $0.06 | quarterly | 2022-10-14 |
2022-06-29 | $0.06 | quarterly | 2022-07-15 |
2022-03-30 | $0.06 | quarterly | 2022-04-14 |
2021-12-30 | $0.06 | quarterly | 2022-01-14 |
2021-09-29 | $0.06 | quarterly | 2021-10-15 |
2021-06-29 | $0.06 | quarterly | 2021-07-15 |
2021-03-30 | $0.06 | quarterly | 2021-04-15 |
2020-12-30 | $0.06 | quarterly | 2021-01-15 |
2020-09-29 | $0.06 | quarterly | 2020-10-15 |
2020-06-29 | $0.06 | quarterly | 2020-07-15 |
2020-03-30 | $0.06 | quarterly | 2020-04-15 |
2019-12-30 | $0.06 | quarterly | 2020-01-15 |
2019-09-27 | $0.06 | quarterly | 2019-10-15 |
2019-06-27 | $0.06 | quarterly | 2019-07-15 |
2019-03-28 | $0.06 | quarterly | 2019-04-15 |
2018-12-28 | $0.06 | quarterly | 2019-01-15 |
2018-09-27 | $0.06 | quarterly | 2018-10-15 |
2018-06-28 | $0.06 | quarterly | 2018-07-13 |
2018-03-28 | $0.06 | quarterly | 2018-04-13 |
2017-12-28 | $0.06 | quarterly | 2018-01-15 |
2017-09-28 | $0.06 | quarterly | 2017-10-14 |
2017-07-13 | $0.06 | quarterly | |
2017-06-28 | $0.06 | quarterly | 2017-07-14 |
2017-03-29 | $0.06 | quarterly | 2017-04-15 |
2016-12-28 | $0.06 | quarterly | 2017-01-16 |
2016-09-28 | $0.06 | quarterly | 2016-10-14 |
2016-06-28 | $0.06 | quarterly | 2016-07-15 |
2016-03-29 | $0.06 | quarterly | 2016-04-15 |
2015-12-29 | $0.06 | quarterly | 2016-01-15 |
2015-09-28 | $0.06 | quarterly | 2015-10-15 |
2015-06-26 | $0.06 | quarterly | 2015-07-15 |
2015-03-27 | $0.04 | quarterly | 2015-04-15 |
2014-12-29 | $0.04 | quarterly | 2015-01-15 |
2014-09-26 | $0.04 | quarterly | 2014-10-15 |
2014-06-26 | $0.04 | quarterly | 2014-07-15 |
2014-03-27 | $0.04 | quarterly | 2014-04-15 |
2013-12-27 | $0.04 | quarterly | 2014-01-15 |
2013-09-26 | $0.04 | quarterly | 2013-10-15 |
2013-06-26 | $0.04 | quarterly | 2013-07-15 |
2013-03-26 | $0.03 | quarterly | 2013-04-15 |
Primoris Services Dividend per year
Primoris Services Dividend growth
Primoris Services Dividend Yield
Primoris Services current trailing twelve-month (TTM) dividend yield is 0.64%. Interested in purchasing Primoris Services stock? Use our calculator to estimate your expected dividend yield:
Primoris Services Financial Ratios
Primoris Services Dividend FAQ
Other factors to consider when evaluating Primoris Services as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Primoris Services's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Primoris Services publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Primoris Services distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Primoris Services are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Primoris Services sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Primoris Services distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Primoris Services declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Primoris Services's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Primoris Services's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.