Reported 1 day ago
Argan (NYSE: AGX) saw its stock price increase nearly 4% after announcing a 33% raise in its quarterly dividend, bringing it to $0.50 per share. This generous dividend, aimed at rewarding shareholders, is to be paid on October 31 to those who are recorded as shareholders by October 23. Despite a strong performance in revenue and net income in its second quarter, analysts noted that expected higher revenues did not materialize. The increase in dividend reflects the company's growth and confidence in meeting future energy demands.
Source: YAHOO