UPDATE: Argan (AGX) Raises Annual Dividend by 42.86% to $1.00, 1.7% Yield

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Argan, Inc. Declares 2017 Regular Dividend of $1.00 Per Share and Announces Intent to Pay Quarterly Dividends in 2018

September 14, 2017 4:15 PM EDT

ROCKVILLE, Md.--(BUSINESS WIRE)-- Argan, Inc. (NYSE: AGX) today announced that its Board of Directors declared a regular cash dividend in the amount of $1.00 per share of common stock, payable October 31, 2017 to stockholders of record at the close of business on October 20, 2017 with an ex-dividend date of October 19, 2017. In addition, the Company announced that its Board of Directors intends to declare a regular quarterly dividend of $0.25 per share of common stock starting in the first quarter of our fiscal year ending January 31, 2019.

Rainer Bosselmann, Chairman and Chief Executive Officer,... More