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Equity
9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Equity
11. EQUITY:
Stock Repurchases
On May 23, 2023, Quanta’s Board of Directors approved a stock repurchase program that authorizes Quanta to purchase, from time to time through June 30, 2026, up to $500 million of its outstanding common stock. As of September 30, 2024, $499.7 million remained available under this repurchase program.
Repurchases may be implemented through open market repurchases or privately negotiated transactions, at management’s discretion, based on market and business conditions, applicable contractual and legal requirements and other factors. Quanta is not obligated to acquire any specific amount of common stock, and the repurchase program may be modified or terminated by Quanta’s Board of Directors at any time at its sole discretion and without notice.
Dividends
Quanta declared and paid the following cash dividends and cash dividend equivalents during 2023 and the first nine months of 2024 (in thousands, except per share amounts):
DeclarationRecordPaymentDividendDividends
DateDateDatePer ShareDeclared
August 28, 2024October 1, 2024October 11, 2024$0.09 $13,532 
May 23, 2024July 1, 2024July 12, 2024$0.09 $13,521 
March 28, 2024April 9, 2024April 17, 2024$0.09 $13,477 
December 5, 2023January 2, 2024January 12, 2024$0.09 $13,412 
August 30, 2023October 2, 2023October 13, 2023$0.08 $12,430 
May 23, 2023July 3, 2023July 14, 2023$0.08 $11,893 
March 29, 2023April 10, 2023April 18, 2023$0.08 $12,100