Argan, Inc. (NYSE: AGX) has announced a significant increase in its quarterly dividend, raising it by 33% to $0.50 per common share. This marks the third consecutive increase in three years and reflects the company's confidence in its business performance and its commitment to returning value to shareholders.
The dividend will be payable on October 31, 2025, to stockholders of record at the close of business on October 23, 2025. According to David Watson, the President and CEO of Argan, the decision to increase the dividend is driven by the company's strong growth, profitability, and an optimistic outlook on the pipeline of new opportunities.
Argan's primary business involves 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. The company also offers commissioning, maintenance, project development, and technical consulting services through its Gemma Power Systems and Atlantic Projects Company operations.
Furthermore, Argan owns the Roberts Company, which is an integrated industrial construction, fabrication, and plant services company, as well as SMC Infrastructure Solutions, which provides telecommunications infrastructure services.
The company's decision to increase the dividend reflects its confidence in its business and its commitment to returning value to shareholders. This move comes as the industry responds to the urgent need for reliable energy resources to strengthen the power grid, and Argan believes it is well-positioned with its diverse capabilities, proven track record, and longstanding customer base to benefit from the current demand environment.
The market has reacted to these announcements by moving the company's shares 3.87% to a price of $225.82. For the full picture, make sure to review ARGAN INC's 8-K report.
