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Argan, Inc. Announces Increase to Share Repurchase Program, Declares Regular Quarterly Cash Dividend of $0.375 Per Common Share

1. Argan increases share repurchase program from $125M to $150M. 2. Company declares a quarterly dividend of $0.375 per share.

Shares Buyback
+7.37%Current Return
VS
+1.76%S&P 500
$13804/10 04:17 PM EDTEvent Start
$148.1704/11 10:37 PM EDTLatest Updated
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FAQ

Why Bullish?

The increase in the share repurchase program suggests strong management confidence and potential to boost stock price. Historically, similar announcements have positively influenced stock performance.

How important is it?

The announcement directly affects AGX's capital management strategy, indicating robust financial health and potential shareholder value increase.

Why Short Term?

The immediate effects of share buybacks and dividend announcements can increase demand and investor interest in AGX short-term.

Related Companies

IBMAAPLMSFT
ARLINGTON, Va.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announces that its Board of Directors (the “Board”) approved an increase to the Company's 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. "Expanding our share repurchase program reflects the Board's confi.

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