Quanta has a strong reputation for delivering execution excellence in the field. We deliver the same commitment to executing company strategy by maintaining a strong balance sheet and allocating capital in a flexible but disciplined manner, which we believe is a competitive edge.
In 2018, Quanta acquired approximately $451 million of our common stock. Since mid-2014, Quanta has repurchased approximately $2.2 billion, or approximately 40%, of our then outstanding diluted shares, utilizing several separate stock repurchase authorizations. Additionally, we declared an initial quarterly cash dividend in December 2018, the first in Quanta’s history. These actions demonstrate our continued confidence in the stability of Quanta’s base business, long-term growth prospects, solid financial position and commitment to enhancing stockholder value.