Argan lifts quarterly dividend 40% to $0.70

Argan, Inc. boosts its quarterly dividend by 40% to $0.70 per share, marking a fourth consecutive annual increase tied to strong power-project demand.

Rhea-AI Filing Summary

ARGAN INC (AGX) announced that its Board of Directors declared a 40% increase in the quarterly cash dividend, raising it from $0.50 to $0.70 per common share. The dividend will be payable on October 30, 2026 to stockholders of record at the close of business on October 22, 2026.

The company noted that the new dividend rate of $0.70 per quarter, or $2.80 annually, represents its fourth consecutive annual increase and stated that this reflects confidence in converting strong industry demand for new power generation into profitable, well-executed projects.

Positive

• Quarterly dividend raised 40% from $0.50 to $0.70 per common share, indicating confidence in cash generation.
• Annual dividend now $2.80 per share, representing the company’s fourth consecutive annual increase in its dividend.
• Management highlights strong demand for new dispatchable power generation and a robust project pipeline supporting the higher payout.

Negative

• None.

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, or exhibit attachments filed with this report.

Key Figures

New quarterly dividend: $0.70 per common share Prior quarterly dividend: $0.50 per common share Dividend increase: 40% +4 more

7 metrics

New quarterly dividend $0.70 per common share Declared by Argan’s Board on September 9, 2026

Prior quarterly dividend $0.50 per common share Dividend level before the 40% increase

Dividend increase 40% Increase in quarterly cash dividend from $0.50 to $0.70 per share

Annual dividend rate $2.80 per share Implied by the new $0.70 quarterly dividend

Dividend payment date October 30, 2026 Payable date for the increased dividend

Record date October 22, 2026 Stockholders of record at close of business on this date receive the dividend

Consecutive annual increases 4 years The new dividend represents the fourth consecutive annual increase

Key Terms

quarterly cash dividend, stockholders of record, dispatchable power generation, project backlog, +1 more

5 terms

quarterly cash dividend financial

"its Board of Directors declared a 40% increase in the quarterly cash dividend"

A quarterly cash dividend is a payment made by a company to its shareholders four times a year, usually based on its profits. It is like a regular bonus or reward for owning the company's stock, providing shareholders with income. Many investors see these payments as a sign of the company's stability and its ability to generate consistent profits.

stockholders of record financial

"payable on October 30, 2026, to stockholders of record at the close"

Stockholders of record are the people or entities whose names appear on a company's official shareholder list on a specific cutoff date set by the company or its transfer agent; only those listed are entitled to receive dividends, vote at shareholder meetings, or participate in other corporate actions. Think of it like a guest list for an event: being on the list on the set day determines who gets the benefits and rights, so investors must own shares before the cutoff to qualify.

dispatchable power generation technical

"unprecedented demand for new dispatchable power generation to support the"

project backlog financial

"subject to risks and uncertainties including, but not limited to, the successful addition of new contracts to project backlog"

A project backlog is a list of tasks or work that has been planned but not yet completed. It helps organizations organize and prioritize what needs to be done next, similar to a to-do list. For investors, a growing backlog can indicate future activity or progress, while a shrinking backlog may suggest work is being completed efficiently.

forward-looking statements regulatory

"may constitute forward-looking statements within the meaning of the federal securities laws"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What dividend change did ARGAN INC (AGX) announce on September 9, 2026?

Argan’s Board declared a 40% increase in the quarterly cash dividend, raising it from $0.50 to $0.70 per common share. The company stated this new level reflects confidence in its ability to convert industry demand into profitable, well-executed projects.

What is the new annualized dividend rate for AGX after this increase?

After the increase, Argan’s quarterly dividend is $0.70 per share, or $2.80 annually. The company noted this higher annual rate represents its fourth consecutive annual increase in the dividend.

When is the record date and payment date for Argan’s increased dividend?

The increased dividend will be payable on October 30, 2026 to stockholders of record at the close of business on October 22, 2026. Investors holding shares on the record date will be eligible to receive the dividend.

How does Argan (AGX) describe the industry backdrop supporting this dividend increase?

Argan’s CEO cited unprecedented demand for new dispatchable power generation to support load growth from datacenters, domestic manufacturing, and broader electrification, along with a robust project pipeline, as context for the higher dividend.

Is this dividend increase part of an ongoing pattern for AGX?

Yes. Argan stated that raising the quarterly dividend 40% to $0.70 per share, or $2.80 annually, represents its fourth consecutive annual increase in the dividend.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/09/2026 - 04:16 PM EDT Accepted by SEC EDGAR 09/09/2026 - 04:15 PM EDT Learn about SEC filing dates

0000100591false00001005912026-09-092026-09-09

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 9, 2026

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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 9, 2026, Argan, Inc. (“Argan”) issued a press release announcing that its Board of Directors declared a 40% increase in the quarterly cash dividend, raising it from $0.50 to $0.70 per common share. The dividend will be payable on October 30, 2026, to stockholders of record at the close of business on October 22, 2026.

Item 9.01. Financial Statements and Exhibits.

(d)Exhibits

Exhibit No.	​	Description
99.1	​	Press Release issued by Argan on September 9, 2026
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.
​	​		​		​
Date: September 9, 2026				By:		/s/ Joshua S. Baugher
						Joshua S. Baugher
						Senior Vice President, Chief Financial Officer and Treasurer

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Exhibit 99.1

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ARGAN, INC. INCREASES QUARTERLY DIVIDEND BY 40% TO $0.70

PER COMMON SHARE

September 9, 2026 – ARLINGTON, VA – Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today announces that its Board of Directors declared a 40% increase in the quarterly cash dividend, raising it from $0.50 to $0.70 per common share. The dividend will be payable on October 30, 2026, to stockholders of record at the close of business on October 22, 2026.

David Watson, President and Chief Executive Officer of Argan, commented, “This is an exciting time for our Company as our industry experiences unprecedented demand for new dispatchable power generation to support the significant load growth driven by datacenters, domestic manufacturing, and the broader electrification of the economy. Argan has consistently achieved strong growth and profitability as we focus on applying a disciplined approach to project selection and excellent execution as we capitalize on the robust pipeline we are seeing.  We are pleased to be in the position to raise our quarterly dividend 40% to $0.70 per common share, or $2.80 annually, representing our fourth consecutive annual increase, and reflecting our confidence in converting that demand into profitable, well-executed work. We are energized by the opportunities we are seeing in the marketplace and remain focused on increasing our leadership role as a proven partner in the construction of complex energy infrastructure and committed to delivering value to our shareholders.”

About Argan

Argan’s primary business is providing a full range of construction and related services to the power industry. Argan’s service offerings focus on the engineering, procurement, and construction of natural gas-fired power plants and renewable energy facilities, along with related commissioning, maintenance, project development and technical consulting services, through its Gemma Power Systems and Atlantic Projects Company operations. Argan also owns The Roberts Company, which is a fully integrated industrial construction, fabrication and plant services company, and SMC Infrastructure Solutions, which provides teledata infrastructure services.

Safe Harbor Statement

Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws. Reference is hereby made to the cautionary statements made by the Company with respect to risk factors set forth in its most recent reports on Form 10-K, Forms 10-Q and other SEC filings. The Company’s future financial performance is subject to risks and uncertainties including, but not limited to, the successful addition of new contracts to project backlog, the receipt of corresponding notices to proceed with contract activities, and the Company’s ability to successfully complete the projects that it obtains. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to the risk factors highlighted above and described regularly in the Company’s SEC filings.

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Investor Relations Contacts:

John Nesbett/Jennifer Belodeau

IMS Investor Relations

203.972.9200

argan@imsinvestorrelations.com

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Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99.1 EX-99.1 8.5 KB

Other Documents

• EX-101 EX-101.SCH 2.6 KB
• EX-101 EX-101.LAB 15.5 KB
• EX-101 EX-101.PRE 9.8 KB