Argan Announces $0.375 Quarterly Dividend

By Bobby Samwell • Friday, December 13 10:35 • Permanent Link

Argan, Inc. (NYSE: AGX) has announced a regular quarterly cash dividend of $0.375 per common share. This dividend will be payable on January 31, 2025, to stockholders of record at the close of business on January 23, 2025.

David Watson, the President and CEO of Argan, expressed confidence in the business and highlighted strong demand for new projects. He mentioned that Gemma Power Systems, a subsidiary of Argan, received a full notice to proceed on an approximately 700 MW combined-cycle natural gas-fired power plant in the United States.

In terms of financial performance, it's worth noting that the dividend declared is unchanged from the previous period. However, it's essential to consider the company's revenue, net income, and earnings per share to provide a comprehensive analysis of its financial health and performance compared to the previous period. As a result of these announcements, the company's shares have moved 0.6% on the market, and are now trading at a price of $145.19. For the full picture, make sure to review Argan's 8-K report.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.