Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
MYR Group Inc. is a specialty electrical construction services company operating primarily within the infrastructure construction and energy industries. The company provides comprehensive electrical solutions for transmission and distribution networks, commercial and industrial facilities, and large-scale infrastructure projects. Its core customers include investor-owned utilities, municipalities, renewable energy developers, industrial companies, and commercial enterprises.
The company’s primary revenue drivers are large, complex electrical construction projects that require technical expertise, safety compliance, and long-term customer relationships. MYR Group is strategically positioned through its decentralized operating model, allowing local operating companies to maintain customer intimacy while leveraging corporate-scale resources. Founded in 1891 as Myers Electric, the company evolved through acquisitions and organic growth, eventually becoming MYR Group Inc. and completing its initial public offering in 2008, establishing itself as one of the largest specialty electrical contractors in North America.
Business Operations
MYR Group generates revenue through two primary operating segments: Transmission and Distribution (T&D) and Commercial and Industrial (C&I). The Transmission and Distribution segment focuses on the construction, maintenance, and upgrade of high-voltage and low-voltage electrical infrastructure, including power lines, substations, and grid hardening projects. The Commercial and Industrial segment provides electrical construction services for data centers, manufacturing facilities, healthcare campuses, transportation systems, and renewable energy installations.
Operations are conducted through a portfolio of wholly owned subsidiaries operating under their established regional brands. The company performs work across the United States and Canada and controls specialized equipment, trained labor forces, and safety systems critical to large-scale electrical construction. Revenue is primarily project-based, derived from fixed-price and cost-plus contracts, with backlog serving as a key operational indicator. MYR Group does not manufacture products; its value lies in execution, project management, and technical labor capabilities.
Strategic Position & Investments
MYR Group’s strategic direction emphasizes disciplined growth, margin expansion, and selective acquisitions that enhance geographic reach or technical capabilities. The company has historically pursued acquisitions of regional electrical contractors to expand its footprint and customer base while maintaining a decentralized operational structure. Notable acquisitions over time have strengthened its presence in renewable energy, utility infrastructure, and mission-critical facilities.
The company is actively involved in emerging sectors tied to grid modernization, renewable energy integration, electric vehicle infrastructure, and data center expansion. Capital investments are focused on fleet modernization, safety programs, workforce development, and digital project management tools. MYR Group does not operate a venture investment arm, but its operating subsidiaries serve as long-term platforms for growth in evolving energy and infrastructure markets.
Geographic Footprint
MYR Group is headquartered in Rolling Meadows, Illinois, and operates extensively across the United States and Canada. Its subsidiaries maintain strong regional presences in the Western United States, Midwest, Northeast, Southeast, and Texas, aligning operations with utility service territories and high-growth infrastructure markets.
International operations are limited primarily to Canada, where the company performs transmission, distribution, and industrial electrical work. While MYR Group does not maintain a broad global footprint outside North America, its geographic diversification within the continent reduces exposure to localized economic cycles and supports stable long-term demand driven by infrastructure investment.
Leadership & Governance
MYR Group is led by an experienced executive team with deep backgrounds in electrical construction, operations, and financial management. The leadership philosophy emphasizes safety, operational discipline, decentralized decision-making, and long-term customer relationships. Governance practices align with public company standards and are overseen by an independent board of directors.
Key executives include:
- Rick S. Swartz – President and Chief Executive Officer
- T. Rowland Hill – Senior Vice President and Chief Financial Officer
- Mark M. Healy – Senior Vice President and Chief Operating Officer
- Brent M. Bowden – Senior Vice President, Transmission and Distribution
- Gary M. West – Senior Vice President, Commercial and Industrial
The leadership team’s strategic vision centers on capitalizing on sustained demand for electrical infrastructure, maintaining strong safety performance, and delivering consistent shareholder value through operational excellence and prudent growth.