Argan (AGX) Raises Quarterly Dividend 25% to $0.375; 1.7% Yield

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Go back to Argan (AGX) Raises Quarterly Dividend 25% to $0.375; 1.7% Yield

Argan, Inc. Increases Quarterly Dividend by 25% to $0.375 Per Common Share

September 18, 2024 4:55 PM EDT

ROCKVILLE, Md.--(BUSINESS WIRE)-- Argan, Inc. (NYSE: AGX) (Argan or the Company) today announces that on September 17, 2024, its Board of Directors declared a 25% increase in the 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 at the close of business on October 23, 2024.

We are pleased to announce todays 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... More