Argan, Inc. Announces Share Repurchase Program Increase and Quarterly Dividend

Argan, Inc. announced that its Board of Directors has approved an increase in its share repurchase program from $150 million to $200 million, extending the expiration date to January 31, 2030. The Board also declared a regular quarterly cash dividend of $0.50 per common share, payable on April 30, 2026, to stockholders of record on April 22, 2026. The company cited strong cash generation, a robust balance sheet, and conviction in long-term demand for its services as reasons for the increased repurchase authorization. Argan, which provides construction and related services to the power industry, expressed confidence in continued revenue growth and profitability.