Argan, Inc. (AGX) Raises Quarterly Dividend by 33%

By Philip Seaworth • Thursday, September 11 06:05 • Permanent Link

Argan, Inc. (NYSE: AGX) has declared a 33% increase in its quarterly cash dividend, raising it from $0.375 to $0.50 per common share. The dividend will be payable on October 31, 2025, to stockholders of record at the close of business on October 23, 2025.

This marks the third consecutive increase in three years, reflecting the company's confidence in its business and its commitment to returning value to its shareholders. At $0.50 per common share, the annual dividend now stands at $2.00.

David Watson, President and CEO of Argan, attributes the dividend increase to the company's strong growth and profitability. He expressed optimism about the robust pipeline of new opportunities and the ongoing electrification of everything, emphasizing the need for reliable, high-quality energy. Argan believes it is well-positioned with diverse capabilities and a longstanding customer base to benefit from the current demand environment as the industry responds to the urgent need for reliable energy resources to strengthen the power grid.

Argan's primary business is providing a full range of construction and related services to the power industry, focusing on the engineering, procurement, and construction of natural gas-fired power plants and renewable energy facilities. It also offers commissioning, maintenance, project development, and technical consulting services through its Gemma Power Systems and Atlantic Projects Company operations. Additionally, Argan owns the Roberts Company, a fully integrated industrial construction, fabrication, and plant services company, and SMC Infrastructure Solutions, which provides telecommunications infrastructure services. As a result of these announcements, the company's shares have moved 4.04% on the market, and are now trading at a price of $226.185. For more information, read the company's full 8-K submission here.

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