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

Rhea-AI Summary

Argan, Inc. (NYSE: AGX) announced a quarterly cash dividend of $0.25 per share on April 8, 2022. The payment date is set for April 29, 2022, with stockholders of record as of April 21, 2022. Argan operates within the power industry, specializing in engineering, procurement, and construction services for both natural gas and renewable energy sectors through its subsidiaries, including Gemma Power Systems and Atlantic Projects Company.

Positive

• Quarterly cash dividend of $0.25 per share enhances shareholder value.
• Continued operations in renewable energy sector emphasize company confidence.

Negative

• None.

ROCKVILLE, Md.--(BUSINESS WIRE)-- Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) announces that on April 8, 2022, its Board of Directors declared a regular quarterly cash dividend in the amount of $0.25 per share of common stock, payable April 29, 2022 to stockholders of record at the close of business on April 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/20220411005794/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. declared a quarterly cash dividend of $0.25 per share.

When is the dividend payment date for Argan, Inc. (AGX)?

The dividend payment date is April 29, 2022.

Who are the stockholders eligible for the dividend from Argan, Inc. (AGX)?

Stockholders of record at the close of business on April 21, 2022, are eligible.

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

Argan provides engineering, procurement, and construction services to the power industry, including renewable energy.