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

Rhea-AI Summary

The Board of Directors of Argan, Inc. (NYSE: AGX) has declared a quarterly cash dividend of $0.25 per share, payable on January 31, 2022. Shareholders of record as of January 21, 2022 will receive this dividend. Argan specializes in providing a comprehensive range of services to the power industry, focusing on engineering, construction, and maintenance of natural gas and renewable energy facilities.

Positive

• Quarterly cash dividend of $0.25 per share enhances shareholder income.

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 January 31, 2022 to stockholders of record at the close of business on January 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/20211214006241/en/

Company:

Rainer Bosselmann

301.315.0027

Investor Relations:

David Watson

301.315.0027

Source: Argan, Inc

FAQ

What is the dividend amount declared by Argan, Inc. (AGX)?

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

When will Argan, Inc. (AGX) pay the declared dividend?

The dividend will be paid on January 31, 2022.

What is the record date for Argan, Inc. (AGX) dividend?

The record date for the dividend is January 21, 2022.

How often does Argan, Inc. (AGX) declare dividends?

Argan, Inc. typically declares dividends quarterly.

Is the dividend from Argan, Inc. (AGX) sustainable?

The sustainability of dividends would depend on the company's financial performance and cash flow.