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Quanta Services initiates quarterly dividend

“PWR, -2.57% said Friday it was initiating a quarterly cash dividend of 4 cents a share” writes Reporter Editor for Based on Thursday’s stock closing price of $32.65, the new annual dividend rate implies a dividend yield of 0.49%.That compares with the implied yield for the S&P 500 SPX, -0.15% of 2.06%, according to FactSet.The stock, which was still inactive in premarket trade, has shed 16.5% year to date, while the S&P 500 has gained 0.8%.The provider of contracting services for the electric power, oil and cash and communications industries said the new dividend will be payable Jan. 16 to shareholders of record on Jan. 2.

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