Primoris Services Corporation Declares Cash Dividend, Payable on or About October 15, 2019; Appoints Tom Mccormick to the Board of Directors
August 06, 2019 at 06:01 am EDT
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Primoris Services Corporation announced that on August 2, 2019 its Board of Directors declared a $0.06 per share cash dividend to stockholders of record on September 30, 2019, payable on or about October 15, 2019.
The Board also announced the appointment of company's President Tom McCormick to the Board of Directors, increasing the size of the Board from eight to nine members. Mr. McCormick's appointed term will expire at the 2020 Annual Meeting, at which time he will be up for re-election. Mr. McCormick joined Primoris in 2016 as Chief Operating Officer and was promoted to President in April 2019.
Primoris Services Corporation is engaged in providing of infrastructure services. The Company provides a range of construction, maintenance, replacement, fabrication, and engineering services to a diversified base of customers through its two segments: Utilities, and Energy. The Utilities segment offers services, including the installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems, and communications systems. The Energy segment operates throughout the United States and Canada and specializes in a range of services that include engineering, procurement, construction, retrofits, highway and bridge construction, demolition, site work, soil stabilization, mass excavation, flood control, upgrades, repairs, outages, pipeline construction and maintenance, pipeline integrity services, and maintenance services for entities in the renewable energy and energy storage, renewable fuels, and petroleum and petrochemical industries.