Argan (NYSE: AGX) boosts quarterly dividend 33% to $0.50

Rhea-AI Filing Summary

Argan, Inc. disclosed that its Board of Directors has approved a 33% increase in the regular quarterly cash dividend, raising it from $0.375 to $0.50 per common share. This higher dividend will be paid on October 31, 2025 to stockholders who are on record at the close of business on October 23, 2025. The change signals a larger ongoing cash return per share for investors through the company’s quarterly dividend program.

Positive

• Quarterly dividend raised 33%, from $0.375 to $0.50 per share, indicating a significantly higher recurring cash return to shareholders.

Negative

• None.

Insights

Equity income & capital allocation analyst

Argan’s 33% dividend hike materially lifts its regular cash yield to shareholders.

Argan’s Board approved an increase in the quarterly cash dividend from $0.375 to $0.50 per common share. A 33% step-up in the recurring dividend is a substantial change in how much cash the company plans to distribute on a regular basis, rather than a one-time special payout.

This move typically reflects confidence in the durability of future cash flows, because regular dividends are difficult to reverse without sending a negative signal. The higher payment is scheduled for October 31, 2025 to holders of record on October 23, 2025, so investors of record on that date will receive the increased amount.

While the filing does not provide earnings or balance sheet figures, the size of the increase alone suggests a more shareholder-friendly cash return posture. Subsequent periodic reports will show whether operating performance continues to support this higher level of dividend outlay over time.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

0000100591false00001005912025-09-102025-09-10

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

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FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of Earliest Event Reported): September 10, 2025

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ARGAN, INC.

(Exact Name of Registrant as Specified in its Charter)

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Delaware		001-31756		13-1947195
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

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4075 Wilson Boulevard, Suite 440, Arlington, Virginia		22203
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (301) 315-0027

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Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

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☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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Emerging growth company   ☐

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If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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Title of Each Class:	​	Trading Symbol(s):	​	Name of Each Exchange on Which Registered:
Common Stock, $0.15 Par Value	​	AGX	​	New York Stock Exchange

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Item 8.01. Other Events.

On September 10, 2025, Argan, Inc. (“Argan”) issued a press release announcing that its Board of Directors declared a 33% increase in the quarterly cash dividend, raising it from $0.375 to $0.50 per common share. The dividend will be payable on October 31, 2025, to stockholders of record at the close of business on October 23, 2025.

Item 9.01. Financial Statements and Exhibits.

(d)Exhibits

Exhibit No.		Description
99.1		Press Release issued by Argan on September 10, 2025
104	​	Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

				ARGAN, INC.
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Date: September 10, 2025				By:		/s/ Joshua S. Baugher
						Joshua S. Baugher
						Senior Vice President, Chief Financial Officer and Treasurer

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FAQ

What dividend change did Argan, Inc. (AGX) announce?

Argan, Inc. announced that its Board of Directors approved a 33% increase in the quarterly cash dividend, raising it from $0.375 to $0.50 per common share.

When will Argan’s increased $0.50 dividend be paid?

The increased quarterly cash dividend of $0.50 per common share will be payable on October 31, 2025.

What is the record date for Argan, Inc.’s higher dividend?

Stockholders of record at the close of business on October 23, 2025 will be entitled to receive the increased dividend.

Is Argan’s dividend increase a one-time payment or a regular dividend change?

The company’s Board declared a 33% increase in the quarterly cash dividend, indicating a higher regular recurring dividend rather than a one-time special dividend.

Which Argan security is affected by the new dividend rate?

The increased dividend applies to Argan, Inc.’s common stock, which is listed on the New York Stock Exchange under the trading symbol AGX.