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
Tutor Perini Corporation is a publicly traded construction and contracting company operating primarily in the engineering and construction industry, with a focus on large, complex infrastructure and building projects. The company provides diversified construction services across civil, building, and specialty contracting markets, generating revenue through fixed-price, cost-plus, and design-build contracts. Its customers include federal, state, and local government agencies, as well as private commercial clients.
The company traces its origins to Tutor-Saliba Corporation, founded in 1949, and Perini Corporation, founded in 1894. The modern entity was formed through the merger of these firms in 2008, creating Tutor Perini Corporation. Over time, the company expanded its capabilities and market reach through acquisitions and organic growth, positioning itself as a major contractor for transportation infrastructure, public works, and large-scale commercial developments in the United States.
Business Operations
Tutor Perini operates through three primary business segments: Civil, Building, and Specialty Contractors. The Civil segment focuses on heavy civil infrastructure projects such as highways, bridges, tunnels, mass transit systems, and water management facilities. The Building segment delivers large-scale commercial, hospitality, healthcare, government, and educational facilities. The Specialty Contractors segment provides electrical, mechanical, plumbing, concrete, and other trade services, often supporting both internal projects and third-party customers.
Operations are predominantly based in the United States, with revenue largely derived from domestic public-sector infrastructure spending and private-sector development. The company controls a range of construction technologies, project management systems, and self-perform capabilities that allow it to manage complex, high-value projects. Key subsidiaries include Tutor Perini Building Corp., Tutor Perini Civil, and Tutor Perini Specialty Contractors, each aligned with the company’s operating segments.
Strategic Position & Investments
Tutor Perini’s strategic direction emphasizes pursuing large, technically complex projects with higher barriers to entry, particularly in transportation infrastructure and government-funded programs. Growth initiatives have historically focused on expanding backlog through major public works contracts, leveraging design-build expertise, and increasing self-perform capabilities to enhance cost control and margins.
The company has made targeted acquisitions to strengthen its specialty contracting and civil infrastructure capabilities, including the integration of acquired regional contractors into its operating segments. Tutor Perini is actively involved in emerging areas of infrastructure investment, including mass transit expansion, water infrastructure upgrades, and resilient transportation systems, aligning its portfolio with long-term public infrastructure funding trends.
Geographic Footprint
Tutor Perini is headquartered in the United States, with its principal executive offices located in California. The company maintains a broad operational presence across North America, executing projects in numerous U.S. states, particularly in California, Texas, New York, Florida, and Nevada, where large-scale infrastructure and commercial construction activity is concentrated.
While the majority of operations are domestic, Tutor Perini has historically undertaken select international projects, primarily in Canada and other limited overseas markets. Its geographic footprint is shaped by public-sector infrastructure demand, urban development trends, and long-term transportation investment programs.
Leadership & Governance
Tutor Perini is led by an executive team with extensive experience in construction, engineering, and large-scale project management. The leadership philosophy emphasizes disciplined project selection, risk management, and operational execution on complex construction projects, with a strong focus on backlog quality and cash flow management.
Key executives include:
- Gary G. Smalley – Chief Executive Officer
- Jain Kumar – Executive Vice President and Chief Financial Officer
- James R. Fox – Executive Vice President, Civil Group
- Jorge Casado – Executive Vice President, Building Group
- Curtis A. Morgan – Executive Vice President, Specialty Contractors Group