Argan (NYSE:AGX) Is Increasing Its Dividend To $0.375 [Yahoo! Finance]
Argan, Inc. (AGX)
NASDAQ:AMEX Investor Relations:
arganinc.com/investor-center
Company Research
Source: Yahoo! Finance
Argan, Inc. NYSE:AGX ) will increase its dividend on the 31st of October to $0.375, which is 25% higher than last year's payment from the same period of $0.30. This makes the dividend yield 1.3%, which is above the industry average. Argan's Projected Earnings Seem Likely To Cover Future Distributions While it is great to have a strong dividend yield, we should also consider whether the payment is sustainable. However, prior to this announcement, Argan's dividend was comfortably covered by both cash flow and earnings. This means that most of its earnings are being retained to grow the business. The next year is set to see EPS grow by 22.3%. If the dividend continues on this path, the payout ratio could be 34% by next year, which we think can be pretty sustainable going forward. Argan Has A Solid Track Record The company has been paying a dividend for a long time, and it has been quite stable which gives us confidence in the future dividend potential. Since 2014, the annual p
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News
- Argan, Inc. to Announce Third Quarter Fiscal 2025 Results and Host Conference Call on Thursday, December 5, 2024 [Yahoo! Finance]Yahoo! Finance
- Argan, Inc. to Announce Third Quarter Fiscal 2025 Results and Host Conference Call on Thursday, December 5, 2024Business Wire
- Argan, Inc. (NYSE: AGX) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Argan, Inc. Announces the Passing of Board Member W.G. Champion MitchellBusiness Wire
- Argan, Inc. Increases Quarterly Dividend by 25% to $0.375 Per Common Share [Yahoo! Finance]Yahoo! Finance
AGX
Sec Filings
- 11/8/24 - Form SC
- 11/8/24 - Form SC
- 11/6/24 - Form SC
- AGX's page on the SEC website