Argan, Inc. declared a $0.50 per share quarterly dividend and increased its share repurchase program authorization by $50 million to $200 million, extending the expiration date to January 31, 2030.
Key takeaways
Board declared a regular quarterly cash dividend of $0.50 per share, payable April 30, 2026 to stockholders of record on April 22, 2026.
Share repurchase program authorization increased by $50 million, raising the total capacity from $150 million to $200 million.
Repurchase program expiration date extended through January 31, 2030.
Management cited strong cash generation and a robust balance sheet as drivers for the increased repurchase authorization.