Tutor Perini's New Dividend and Buyback Plan: A Catalyst for Shareholders

Tutor Perini Corporation has declared a quarterly cash dividend and approved a $200 million share repurchase program, signaling management's confidence in cash generation. The move is expected to support the share price after a strong three-year total return. However, investors must consider the company's history of project disputes, cost overruns, and unprofitability. The new capital returns add another layer of support, but investors should also examine the fair value estimates ranging from $80 to $89.