Argan, Inc. Declares Regular Quarterly Dividend of $0.25 Per Share

Argan, Inc. (NYSE: AGX) announced that on December 12, 2018, its
Board of Directors declared a regular quarterly cash dividend in the
amount of $0.25 per share of common stock, payable January 31, 2019 to
stockholders of record at the close of business on January 24, 2019.

Rainer Bosselmann, Chairman and Chief Executive Officer, commented,
“Argan is pleased to announce this cash dividend which represents a
continuation of the quarterly cash dividend program commenced earlier
this year. We do appreciate the support of our stockholders and welcome
this opportunity to share a portion of our recent profitable financial
results with them.”

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-Q and 10-K, and in other SEC filings.

View source version on businesswire.com: https://www.businesswire.com/news/home/20181213005884/en/

News by QuoteMedia

www.quotemedia.com