Argan, Inc. Increases Quarterly Dividend by 25% to $0.375 Per Common Share
Argan (NYSE: AGX) has announced a 25% increase in its quarterly cash dividend, raising it from $0.30 to $0.375 per common share. The dividend will be payable on October 31, 2024, to stockholders of record as of October 23, 2024. This increase brings the annual dividend to $1.50 per share. The company's decision reflects its strong financial performance, robust balance sheet, and commitment to shareholder value. Argan's management expressed confidence in the business and highlighted growing opportunities in the power industry, particularly in gas-fired and renewable facilities to meet increasing energy demand from data centers, manufacturing, and EV charging.
Argan (NYSE: AGX) ha annunciato un aumento del 25% del suo dividendo trimestrale, passando da $0.30 a $0.375 per azione ordinaria. Il dividendo sarà pagabile il 31 ottobre 2024, agli azionisti record al 23 ottobre 2024. Questo aumento porta il dividendo annuo a $1.50 per azione. La decisione dell'azienda riflette le sue solide performance finanziarie, un bilancio robusto e un impegno verso il valore per gli azionisti. La direzione di Argan ha espresso fiducia nel business e ha evidenziato le opportunità in crescita nel settore energetico, in particolare per gli impianti a gas e le fonti rinnovabili, per soddisfare l'aumento della domanda energetica da parte di centri dati, manifattura e ricarica di veicoli elettrici.
Argan (NYSE: AGX) ha anunciado un aumento del 25% en su dividendo en efectivo trimestral, elevándolo de $0.30 a $0.375 por acción ordinaria. El dividendo se pagará el 31 de octubre de 2024, a los accionistas registrados hasta el 23 de octubre de 2024. Este aumento eleva el dividendo anual a $1.50 por acción. La decisión de la empresa refleja su sólido rendimiento financiero, un balance robusto y un compromiso con el valor para los accionistas. La dirección de Argan expresó confianza en el negocio y destacó las crecientes oportunidades en la industria energética, particularmente en instalaciones alimentadas por gas y energías renovables, para satisfacer la creciente demanda de energía de centros de datos, manufactura y carga de vehículos eléctricos.
Argan (NYSE: AGX)는 분기 현금 배당금을 25% 인상한다고 발표하며, 배당금을 $0.30에서 $0.375로 인상했습니다. 배당금은 2024년 10월 31일에 지급되며, 2024년 10월 23일 기준 주주에게 지급됩니다. 이 인상으로 연간 배당금은 주당 $1.50에 이릅니다. 회사의 결정은 강력한 재무 성과와 견고한 재무 상태, 그리고 주주 가치를 향한 의지를 반영합니다. Argan의 경영진은 비즈니스에 대한 확신을 표명하고, 데이터 센터, 제조업체 및 전기차 충전을 위한 증가하는 에너지 수요를 충족하기 위해 가스 연료 및 재생 가능 시설에서의 성장 기회를 강조했습니다.
Argan (NYSE: AGX) a annoncé une augmentation de 25 % de son dividende trimestriel en espèces, le portant de $0.30 à $0.375 par action ordinaire. Le dividende sera payable le 31 octobre 2024, aux actionnaires inscrits au 23 octobre 2024. Cette augmentation porte le dividende annuel à $1.50 par action. La décision de l'entreprise reflète sa forte performance financière, un bilan solide et son engagement envers la valeur actionnariale. La direction d'Argan a exprimé sa confiance dans l'entreprise et a souligné les opportunités croissantes dans l'industrie de l'énergie, notamment dans les installations fonctionnant au gaz et les énergies renouvelables, afin de répondre à la demande énergétique croissante des centres de données, de la fabrication et de la recharge des véhicules électriques.
Argan (NYSE: AGX) hat eine Erhöhung der vierteljährlichen Bargelddividende um 25% angekündigt, die von $0.30 auf $0.375 pro Stammaktie angehoben wird. Die Dividende wird am 31. Oktober 2024 an die Aktionäre ausgezahlt, deren Namen am 23. Oktober 2024 im Aktienregister stehen. Diese Erhöhung bringt die jährliche Dividende auf $1.50 pro Aktie. Die Entscheidung des Unternehmens spiegelt die starke finanzielle Performance, die solide Bilanz und das Engagement für den Aktionärswert wider. Das Management von Argan äußerte Vertrauen in das Geschäft und hob die wachsenden Chancen in der Energiebranche hervor, insbesondere in gasbetriebenen und erneuerbaren Anlagen, um die steigende Energienachfrage von Rechenzentren, der Fertigung und der Ladung von Elektrofahrzeugen zu erfüllen.
- 25% increase in quarterly dividend from $0.30 to $0.375 per share
- Annual dividend raised to $1.50 per share
- Strong financial performance and balance sheet
- Growing pipeline of opportunities in the power industry
- Well-positioned to capitalize on increasing energy demand
- None.
“We are pleased to announce today’s dividend increase which reflects the strength of our financial performance and balance sheet and is aligned with our commitment to returning value to our shareholders. This
About Argan
Argan’s primary business is providing a full range of construction and related services to the power industry. 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, maintenance, project development and technical 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.
Safe Harbor Statement
Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws. Reference is hereby made to the cautionary statements made by the Company with respect to risk factors set forth in its most recent reports on Form 10-K, Forms 10-Q and other SEC filings. The Company’s future financial performance is subject to risks and uncertainties including, but not limited to, the successful addition of new contracts to project backlog, the receipt of corresponding notices to proceed with contract activities, and the Company’s ability to successfully complete the projects that it obtains. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to the risk factors highlighted above and described regularly in the Company’s SEC filings.
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Company Contact:
David Watson
301.315.0027
Investor Relations Contacts:
John Nesbett/Jennifer Belodeau
IMS Investor Relations
203.972.9200
argan@imsinvestorrelations.com
Source: Argan, Inc.
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