By Colin Kellaher
EMCOR Group's board has approved a 60% increase in the company's quarterly dividend, to 40 cents from 25 cents, and a $500 million boost to its stock-buyback program.
The Norwalk, Conn., provider of electrical and mechanical construction and facilities services on Thursday said it expects to declare the increased dividend starting in the first quarter of 2026.
The new payout, equal to $1.60 a year, would represent an annual yield of about 0.27% based on Wednesday's closing price of $596.47.
EMCOR, which had nearly 44.8 million shares outstanding as of Oct. 24, sports a market capitalization of $24.7 billion.
The company shelled out $423.3 million to buy back 1.1 million shares during the first nine months of the year and had $336.2 million available for repurchases as of Sept. 30.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
December 18, 2025 08:52 ET (13:52 GMT)
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