Argan Announces Major Dividend Hike as Profits Soar

Argan has delivered a substantial reward to its shareholders, declaring a significant increase to its quarterly dividend. The US-based conglomerate is raising its payout by an impressive 33%, moving from $0.375 to $0.50 per common share. This announcement propelled the company’s stock upward by nearly 4% in Wednesday’s trading session.

This display of shareholder generosity is underpinned by exceptional operational performance. The dividend news follows Argan’s release of robust second-quarter 2026 financial results just one week prior. The company reported that its net income surged dramatically from $18.2 million to $35.3 million, representing growth of almost 100 percent. On a per-share basis, earnings jumped from $1.31 to $2.50.

The margin expansion proved even more remarkable, with the gross profit margin climbing from 13.7% to 18.6%. This... Read more...