Dividend Flows Change: Argan, Inc. (NYSE:AGX) dividends of $1.00 are projected for the near future; this is why.

Dividend Flows Change: Argan, Inc. (NYSE:AGX) dividends of $1.00 are projected for the near future; this is why.

Argan, Inc. (NYSE:AGX) is expected to pay $1.00 on Oct 28, 2016. The indicated annual dividend is $0.70. Shareholders owning the stock before Oct 14, 2016 will be eligible to receive the payout. Based on Argan, Inc.’s current price of $57.79, the dividend is 1.73%. This dividend’s record date is Oct 18, 2016 and the announcement date is Sep 16, 2016. The stock increased 0.73% or $0.42 during the last trading session, hitting $57.79. Argan, Inc. (NYSE:AGX) has risen 82.71% since March 10, 2016 and is uptrending. It has outperformed by 75.19% the S&P500.

Argan, Inc. is a holding company. The Company conducts activities through its subsidiaries, Gemma Power Systems, LLC and affiliates , Atlantic Projects Company Limited (APC), Southern Maryland Cable, Inc. (SMC) and The Roberts Company (Roberts). The company has a market cap of $860.03 million. Through GPS and APC, the Company’s power industry services segment provides engineering, procurement, construction, commissioning, activities management, maintenance, development, technical and consulting services to the power generation and renewable energy markets. It has a 17.66 P/E ratio. Through SMC, the telecommunications infrastructure services segment of the Company provides project management, construction, installation and maintenance services to commercial, local government and federal government customers.

Argan, Inc. (NYSE:AGX) Ratings Coverage

Out of 2 analysts covering Argan (NYSE:AGX), 1 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 50% are positive. $56 is the highest target while $45 is the lowest. The $50.50 average target is -12.61% below today’s ($57.79) stock price. Argan has been the topic of 2 analyst reports since October 16, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Thursday, June 9 by Lake Street. The rating was initiated by Wm Smith with “Not Rated” on Friday, October 16.

More recent Argan, Inc. (NYSE:AGX) news were published by: Businesswire.com which released: “Argan, Inc. Completes Acquisition of The Roberts Company” on December 04, 2015. Also Seekingalpha.com published the news titled: “Argan Inc. Is A Red Hot Growth Story” on June 10, 2016. Businesswire.com‘s news article titled: “Argan, Inc. Reports Record Second Quarter Results” with publication date: September 06, 2016 was also an interesting one.

AGX Company Profile

Argan, Inc., incorporated on May 15, 1961, is a holding company. The Firm conducts activities through its subsidiaries, Gemma Power Systems, LLC and affiliates (GPS), Atlantic Projects Company Limited (APC), Southern Maryland Cable, Inc. (SMC) and The Roberts Company (Roberts or TRC). The Company’s divisions include power industry services, industrial fabrication and field services, and telecommunications infrastructure services. Through GPS, the Company provides a range of engineering, procurement, construction, commissioning, activities management, maintenance, development and consulting services to the power generation and renewable energy markets for a range of customers, including independent power project owners, public utilities, municipalities, public institutions and private industry. Through APC, the Company provides construction and technical services for power generation, gas and oil, industrial and process industry customers. Through SMC, the Company provides telecommunications infrastructure services, including project management, construction and maintenance to commercial, federal Government and local Government customers. Through TRC, the Company provides fully integrated fabrication, construction and plant services designed to work with heavy and light industrial customers.

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