Granite Construction Incorporated (GVA) To Go Ex-Dividend on March 31st

Granite Construction Incorporated (NYSE:GVA) declared a quarterly dividend on Thursday, February 12th. Investors of record on Tuesday, March 31st will be paid a dividend of 0.13 per share by the construction company on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Tuesday, March 31st.

Granite Construction has a dividend payout ratio of 8.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Granite Construction to earn $6.97 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 7.5%.

Granite Construction Trading Up 1.3%

Granite Construction stock opened at $130.86 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.12 and a current ratio of 1.22. The stock has a market cap of $5.71 billion, a PE ratio of 35.75 and a beta of 1.34. The stock has a 50-day moving average of $120.28 and a two-hundred day moving average of $110.68. Granite Construction has a one year low of $69.08 and a one year high of $136.63.

Granite Construction (NYSE:GVA) last posted its quarterly earnings data on Thursday, February 12th. The construction company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.06. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. Granite Construction had a net margin of 4.36% and a return on equity of 24.10%. The company’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.23 earnings per share. On average, research analysts anticipate that Granite Construction will post 5.49 EPS for the current fiscal year.

About Granite Construction

Granite Construction Inc is a publicly traded heavy civil contractor and construction materials producer based in Watsonville, California. The company specializes in delivering large-scale infrastructure projects for government and private clients, focusing on the development, rehabilitation and maintenance of transportation, water resource and industrial facilities. Its turnkey solutions span the full project lifecycle, from preconstruction and design-build to construction management and facilities maintenance.

In its construction segment, Granite undertakes highway and bridge building, airport runway and taxiway construction, marine terminal and port improvements, dam and reservoir projects, transit systems and underground utilities.