Argan, Inc. Declares Regular Quarterly Dividend of $0.25 Per Share
June 25 2018 - 4:15PM
Business Wire
Argan, Inc. (NYSE: AGX) announced that on June 21, 2018,
its Board of Directors declared a regular quarterly cash dividend
in the amount of $0.25 per share of common stock, payable July 31,
2018 to stockholders of record at the close of business on July 24,
2018.
Rainer Bosselmann, Chairman and Chief Executive Officer,
commented, “Argan is pleased to announce its continued commitment
to paying a regular quarterly cash dividend, which is $0.25 per
share this quarter. As most recently demonstrated with their
positive vote for each of our proposals at our 2018 Annual Meeting
of Stockholders last week, we truly appreciate the continued
support of our stockholders.”
About Argan, Inc.
Argan’s primary business is providing a full range of services
to the power industry including the engineering, procurement and
construction of natural gas-fired power plants, along with related
commissioning, operations management, maintenance, project
development and consulting services, through its Gemma Power
Systems and Atlantic Projects Company operations. Argan also owns
SMC Infrastructure Solutions, which provides telecommunications
infrastructure services, and The Roberts Company, which is a fully
integrated fabrication, construction and industrial plant services
company.
Certain matters discussed in this press release may constitute
forward-looking statements within the meaning of the federal
securities laws and are subject to risks and uncertainties
including but not limited to: (1) the continued strong
operational performance of our power industry services business;
(2) the Company’s successful addition of new contracts to
project backlog and the Company’s receipt of notices to proceed
with the corresponding contract activities; and (3) the
Company’s ability to execute on its business strategy while
effectively managing costs and expenses. Actual results and the
timing of certain events could differ materially from those
projected in or contemplated by the forward-looking statements due
to a number of factors described from time to time in Argan’s
filings with the SEC. In addition, reference is hereby made to the
cautionary statements made by us with respect to risk factors set
forth in the Company’s most recent reports on Form 10-K and 10-Q,
and in other SEC filings.
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version on businesswire.com: https://www.businesswire.com/news/home/20180625006069/en/
Argan, Inc.Company Contact:Rainer Bosselmann,
301-315-0027orInvestor Relations Contact:David Watson,
301-315-0027
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