{"id":836330,"date":"2025-04-10T16:12:07","date_gmt":"2025-04-10T20:12:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/argan-inc-announces-increase-to-share-repurchase-program-declares-regular-quarterly-cash-dividend-of-0-375-per-common-share\/"},"modified":"2025-04-10T16:12:07","modified_gmt":"2025-04-10T20:12:07","slug":"argan-inc-announces-increase-to-share-repurchase-program-declares-regular-quarterly-cash-dividend-of-0-375-per-common-share","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/argan-inc-announces-increase-to-share-repurchase-program-declares-regular-quarterly-cash-dividend-of-0-375-per-common-share\/","title":{"rendered":"Argan, Inc. Announces Increase to Share Repurchase Program, Declares Regular Quarterly Cash Dividend of $0.375 Per Common Share"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Argan, Inc. Announces Increase to Share Repurchase Program, Declares Regular Quarterly Cash Dividend of $0.375 Per Common Share<\/b><\/p>\n<p>ARLINGTON, Va.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<b>Argan, Inc. <\/b>(NYSE: AGX) (\u201cArgan\u201d or the \u201cCompany\u201d) today announces that its Board of Directors (the \u201cBoard\u201d) approved an increase to the Company\u2019s existing share repurchase program from $125 million to $150 million and declared a regular quarterly cash dividend in the amount of $0.375 per common share, payable on April 30, 2025 to stockholders of record at the close of business on April 22, 2025.\n<\/p>\n<p>\n&#8220;Expanding our share repurchase program reflects the Board\u2019s confidence in Argan\u2019s ability to drive long-term growth and reinforces our commitment to delivering long-term value to shareholders,&#8221; said David Watson, President and Chief Executive Officer of Argan. \u201cWe&#8217;re also pleased to announce a regular quarterly cash dividend of $0.375 per common share.\n<\/p>\n<p>\n\u201cEarlier this week we announced that our subsidiary Gemma Power Systems received a notice to proceed on its previously announced engineering, procurement and construction services contract with Sandow Lakes Energy Company, LLC for a 1.2 GW ultra-efficient natural gas-fired power plant that is expected to begin this summer. We are energized by our record backlog and the strong pipeline of opportunities we are seeing now and in future years. We believe our well-recognized capabilities and track record of success leave us well-positioned as our industry gears up to build the high-quality energy assets needed to address the growing demand for reliable 24\/7 power.\u201d\n<\/p>\n<p><b>About Argan<\/b><\/p>\n<p>\nArgan\u2019s primary business is providing a full range of construction and related services to the power industry. Argan\u2019s service offerings focus on the engineering, procurement and construction of natural gas-fired power plants and renewable energy facilities, along with related commissioning, maintenance, project development and technical consulting services, through its Gemma Power Systems and Atlantic Projects Company operations. Argan also owns The Roberts Company, which is a fully integrated industrial construction, fabrication and plant services company, and SMC Infrastructure Solutions, which provides telecommunications infrastructure services.\n<\/p>\n<p><b>Safe Harbor Statement<\/b><\/p>\n<p><i>Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws. Reference is hereby made to the cautionary statements made by the Company with respect to risk factors set forth in its most recent reports on Form 10-K, Forms 10-Q and other SEC filings. The Company\u2019s future financial performance is subject to risks and uncertainties including, but not limited to, the successful addition of new contracts to project backlog, the receipt of corresponding notices to proceed with contract activities, and the Company\u2019s ability to successfully complete the projects that it obtains. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to the risk factors highlighted above and described regularly in the Company\u2019s SEC filings.<\/i><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250410278737r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250410278737\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250410278737\/en\/<\/a><\/span><\/p>\n<p><b>Company Contact:<br \/>\n<\/b><br \/>David Watson<br \/>\n<br \/>301.315.0027\n<\/p>\n<p><b>Investor Relations Contacts:<br \/>\n<\/b><br \/>John Nesbett\/Jennifer Belodeau<br \/>\n<br \/>IMS Investor Relations<br \/>\n<br \/>203.972.9200<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:argan@imsinvestorrelations.com\">argan@imsinvestorrelations.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> North America United States Ireland United Kingdom Europe Virginia<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Engineering Other Construction &amp; Property Oil\/Gas Manufacturing Alternative Energy Energy Construction &amp; Property<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250410278737\/en\/2435763\/3\/Argan_Logo_Horizontal_Solid_Text.nobackground.2.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Argan, Inc. Announces Increase to Share Repurchase Program, Declares Regular Quarterly Cash Dividend of $0.375 Per Common Share ARLINGTON, Va.&#8211;(BUSINESS WIRE)&#8211;Argan, Inc. (NYSE: AGX) (\u201cArgan\u201d or the \u201cCompany\u201d) today announces that its Board of Directors (the \u201cBoard\u201d) approved an increase to the Company\u2019s existing share repurchase program from $125 million to $150 million and declared a regular quarterly cash dividend in the amount of $0.375 per common share, payable on April 30, 2025 to stockholders of record at the close of business on April 22, 2025. &#8220;Expanding our share repurchase program reflects the Board\u2019s confidence in Argan\u2019s ability to drive long-term growth and reinforces our commitment to delivering long-term value to shareholders,&#8221; said David Watson, President and Chief Executive Officer &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/argan-inc-announces-increase-to-share-repurchase-program-declares-regular-quarterly-cash-dividend-of-0-375-per-common-share\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Argan, Inc. Announces Increase to Share Repurchase Program, Declares Regular Quarterly Cash Dividend of $0.375 Per Common Share&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-836330","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Argan, Inc. Announces Increase to Share Repurchase Program, Declares Regular Quarterly Cash Dividend of $0.375 Per Common Share - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/argan-inc-announces-increase-to-share-repurchase-program-declares-regular-quarterly-cash-dividend-of-0-375-per-common-share\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Argan, Inc. Announces Increase to Share Repurchase Program, Declares Regular Quarterly Cash Dividend of $0.375 Per Common Share - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Argan, Inc. Announces Increase to Share Repurchase Program, Declares Regular Quarterly Cash Dividend of $0.375 Per Common Share ARLINGTON, Va.&#8211;(BUSINESS WIRE)&#8211;Argan, Inc. (NYSE: AGX) (\u201cArgan\u201d or the \u201cCompany\u201d) today announces that its Board of Directors (the \u201cBoard\u201d) approved an increase to the Company\u2019s existing share repurchase program from $125 million to $150 million and declared a regular quarterly cash dividend in the amount of $0.375 per common share, payable on April 30, 2025 to stockholders of record at the close of business on April 22, 2025. &#8220;Expanding our share repurchase program reflects the Board\u2019s confidence in Argan\u2019s ability to drive long-term growth and reinforces our commitment to delivering long-term value to shareholders,&#8221; said David Watson, President and Chief Executive Officer &hellip; Continue reading &quot;Argan, Inc. 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