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12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| STOCKHOLDERS' EQUITY | NOTE 14 – STOCKHOLDERS’ EQUITY On September 10, 2025, Argan’s board of directors increased the Company’s quarterly cash dividend by 33% from $0.375 to $0.500 per share of common stock. During Fiscal 2026, Fiscal 2025, and Fiscal 2024, the Company paid quarterly dividends to stockholders as follows:
Pursuant to its established program and authorizations provided by Argan’s board of directors, the Company began to repurchase shares of its common stock in November 2021. On April 10, 2025, the board of directors of Argan increased the total authorization to repurchase shares of the Company’s common stock by $25 million, bringing the aggregate authorized amount to $150 million. During Fiscal 2026, the Company repurchased 64,699 shares of common stock, all on the open market, for an aggregate price of approximately $9.9 million, or $152.66 per share. During Fiscal 2025, the Company repurchased 17,551 shares of common stock, all on the open market, for an aggregate price of approximately $1.5 million, or $86.78 per share. During Fiscal 2024, the Company repurchased 230,160 shares of common stock, all on the open market, for an aggregate price of approximately $9.2 million, or $40.01 per share, and the Company repurchased 73,000 shares of common stock in a direct purchase from a then-director of the Company for an aggregate price of approximately $3.2 million, or $43.50 per share. |
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