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Argan, Inc. Increases Quarterly Dividend by 40% to $0.70 Per Common Share

AGX
  • Argan, Inc. declared a 40% increase in its quarterly cash dividend from $0.50 to $0.70 per common share.
  • The dividend will be payable on October 30, 2026, to stockholders of record as of October 22, 2026.
  • The new annual dividend rate is $2.80 per share, marking the fourth consecutive annual increase.
  • CEO David Watson cited unprecedented demand for dispatchable power generation driven by datacenters, domestic manufacturing, & economic electrification as key growth drivers.
  • Argan provides construction services for natural gas-fired power plants, renewable energy facilities, industrial construction, fabrication, & teledata infrastructure.
  • The company's future financial performance remains subject to risks regarding new contract additions, notices to proceed, & project completion.