Argan Inc. (NYSE: AGX) raised its quarterly cash dividend 40% to $0.70 per common share, up from $0.50, the company announced Sept. 9, 2026. The increase brings the annual dividend to $2.80 per share and marks the firm's fourth consecutive annual dividend raise.
The board of directors approved the increase, which will be paid Oct. 30, 2026, to shareholders of record as of the close of business Oct. 22, 2026, according to a press release.
"We are experiencing strong demand for new power generation driven by datacenters, domestic manufacturing and electrification," said President and Chief Executive Officer David Watson. "Argan has achieved strong growth and profitability by focusing on a disciplined approach to project selection and excellent execution to capitalize on our robust project pipeline."
Argan provides construction and related services to the power industry through two primary segments: Gemma Power Systems and Atlantic Projects Company, which focus on engineering, procurement and construction of natural gas-fired power plants and renewable energy facilities. The company also owns industrial construction and fabrication firm The Roberts Company, as well as SMC Infrastructure Solutions, which provides teledata infrastructure services. The company is based in Arlington, Va.
