The board of directors said the quarterly dividend is payable on July 12 to the holders of record at the close of business on June 28. The construction materials company has made quarterly cash payouts since 1990.
The regular dividend payment equates to a $0.52-per-share annual dividend, yielding 1.7% based on the closing price of Granite Construction's stock on June 5.
Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.