Argan Announces Special Cash Dividend of $0.60 per Share
Argan (NYSE: AGX) today announced that its Board of Directors declared a special cash dividend of $0.60 per share of common stock, payable November 7, 2012 to shareholders of record at the close of business on October 11, 2012.
Rainer Bosselmann, Chairman and Chief Executive Officer, commented, “The Board of Directors is pleased to announce the special cash dividend of $0.60 per share of common stock. Gemma Power Systems has continued its strong operational performance. The Argan, Inc. Board of Directors, by virtue of the second consecutive special cash dividend, reaffirms its strong support for our continued successful power industry services and operations. The Board annually evaluates Argan, Inc.'s ongoing financial and operational performance in determining the declaration of dividends strategically aligned to enhancing shareholder value.”
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