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Stock impact report

Argan, Inc. Increases Quarterly Dividend by 25% to $0.375 Per Common Share [Yahoo! Finance]

Argan, Inc. (AGX) 
NASDAQ:AMEX Investor Relations: arganinc.com/investor-center
Company Research Source: Yahoo! Finance
"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 25% increase to $0.375 per common share per fiscal quarter, or $1.50 annually, comes just one year after our previous dividend raise and demonstrates our confidence in the business and our favorable view of the growing pipeline of opportunities we're seeing as the power industry mobilizes to build the traditional gas-fired and renewable facilities necessary to meet the anticipated surge in energy demand associated with data centers, increased manufacturing activity and EV charging. Argan has built a solid reputation as a reliable, energy-agnostic partner for the construction of all types of power resources and we believe we are well positioned to capitalize on the need to ensure our power grids are consistently supplied with high quality energy." About Argan Argan's primary Show less Read more
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