SYLMAR, Calif., Oct 26, 2010 (BUSINESS WIRE) --

Tutor Perini Corporation (NYSE: TPC), a leading civil and building construction company, today announced that on October 25, 2010 the Board of Directors declared a special cash dividend of $1.00 per share of common stock. The dividend is payable on November 12, 2010 to stockholders of record on November 4, 2010.

Ronald Tutor, Chairman and Chief Executive Officer, said: "We are pleased to return value to our shareholders." The Company said that its Board of Directors has not set an annual dividend policy at this time, but will review the matter next year.

About Tutor Perini Corporation

Tutor Perini Corporation is a leading civil and building construction company offering diversified general contracting and design/build services to private clients and public agencies throughout the world. We have provided construction services since 1894 and have established a strong reputation within our markets by executing large complex projects on time and within budget while adhering to strict quality control measures.

We offer general contracting, pre-construction planning and comprehensive project management services, including the planning and scheduling of the manpower, equipment, materials and subcontractors required for a project. We also offer self-performed construction services including excavation, concrete forming and placement, steel erection, electrical and mechanical services, plumbing and HVAC. We are known for our major complex building project commitments as well as our capacity to perform large and complex transportation and heavy civil construction for government agencies and private clients throughout the world.

SOURCE: Tutor Perini Corporation

Kekst and Company
Douglas Kiker, 212-521-4800
or
Tutor Perini Corporation
Kenneth Burk, 818-362-8391
Executive Vice President & CFO