Argan, Inc. Declares Regular Quarterly Dividend of $0.25 Per Share

Rhea-AI Summary

The Board of Directors of Argan, Inc. (NYSE: AGX) declared a quarterly cash dividend of $0.25 per share. This dividend is payable on October 29, 2021 to stockholders of record as of October 21, 2021. Argan specializes in providing services to the power industry, including engineering, procurement, and construction of natural gas-fired power plants and renewable energy facilities.

Positive

• Quarterly cash dividend of $0.25 per share highlights company confidence.
• Scheduled payment date of October 29, 2021, supports investor cash flow.

Negative

• None.

ROCKVILLE, Md.--(BUSINESS WIRE)-- The Board of Directors of Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today declared a regular quarterly cash dividend in the amount of $0.25 per share of common stock, payable October 29, 2021 to stockholders of record at the close of business on October 21, 2021.

About Argan, Inc.

Argan’s primary business is providing a full range of services to the power industry, including the renewable energy sector. Argan’s service offerings focus on the engineering, procurement and construction of natural gas-fired power plants and renewable energy facilities, along with related commissioning, operations management, maintenance, project development and consulting services, through its Gemma Power Systems and Atlantic Projects Company operations. Argan also owns The Roberts Company, which is a fully integrated fabrication, construction and industrial plant services company, and SMC Infrastructure Solutions, which provides telecommunications infrastructure services.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210909006052/en/

Company Contact:

Rainer Bosselmann

301.315.0027

Investor Relations Contact:

David Watson

301.315.0027

Source: Argan, Inc.

FAQ

What is the dividend amount declared by AGX?

Argan, Inc. declared a quarterly cash dividend of $0.25 per share.

When will the dividend be paid for AGX?

The dividend will be paid on October 29, 2021.

What is the record date for AGX's dividend?

The record date for the dividend is October 21, 2021.

How often does AGX pay dividends?

Argan, Inc. pays dividends quarterly.