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

Rhea-AI Summary

Argan, Inc. (NYSE: AGX) declared a quarterly cash dividend of $0.25 per share, scheduled for payment on July 29, 2022, to stockholders of record as of July 21, 2022. The company provides a comprehensive suite of services to the power industry, with a focus on engineering, procurement, and construction for natural gas and renewable energy projects. Argan operates through subsidiaries like Gemma Power Systems and Atlantic Projects Company, enhancing its commitment to the energy sector.

Positive

• Quarterly cash dividend of $0.25 per share enhances shareholder income.
• Strong focus on renewable energy indicates company confidence in sustainable growth.

Negative

• None.

ROCKVILLE, Md.--(BUSINESS WIRE)-- Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) announces today that its Board of Directors declared a regular quarterly cash dividend in the amount of $0.25 per share of common stock, payable July 29, 2022 to stockholders of record at the close of business on July 21, 2022.

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/20220621006011/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 Argan, Inc. (AGX)?

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

When is the dividend payment date for AGX?

The dividend payment date for AGX is July 29, 2022.

When is the record date for the AGX dividend?

The record date for the AGX dividend is July 21, 2022.

What services does Argan, Inc. (AGX) provide?

Argan, Inc. provides engineering, procurement, and construction services primarily for the power industry, including renewable energy projects.