Argan (NYSE:AGX) Is Increasing Its Dividend To $0.375

Simply Wall St.09-22

Argan, Inc. (NYSE:AGX) will increase its dividend on the 31st of October to $0.375, which is 25% higher than last year's payment from the same period of $0.30. This makes the dividend yield 1.3%, ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2469979911?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/n4P4inB0rRJrLC1wDK2ibA--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/9387484536d295ac2492be4d631ec660","is_english":true,"pubTime":"2024-09-22 20:20","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2469979911","market":"us","top_or_hot":-1,"title":"Argan (NYSE:AGX) Is Increasing Its Dividend To $0.375","media":"Simply Wall St.","content":"<div>\n<p>Argan, Inc. (NYSE:AGX) will increase its dividend on the 31st of October to $0.375, which is 25% higher than last year's payment from the same period of $0.30. This makes the dividend yield 1.3%, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/argan-nyse-agx-increasing-dividend-122050089.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Argan (NYSE:AGX) Is Increasing Its Dividend To $0.375</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nArgan (NYSE:AGX) Is Increasing Its Dividend To $0.375\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-22 20:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/argan-nyse-agx-increasing-dividend-122050089.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Argan, Inc. (NYSE:AGX) will increase its dividend on the 31st of October to $0.375, which is 25% higher than last year's payment from the same period of $0.30. This makes the dividend yield 1.3%, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/argan-nyse-agx-increasing-dividend-122050089.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4129","symbol_name":"建筑与工程","start_time":0,"source_url":"https://finance.yahoo.com/news/argan-nyse-agx-increasing-dividend-122050089.html","article_id":"2469979911","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/n4P4inB0rRJrLC1wDK2ibA--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/9387484536d295ac2492be4d631ec660"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2469979911","pubTimestamp":1727007650,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Argan, Inc.  will increase its dividend on the 31st of October to $0.375, which is 25% higher than last year's payment from the same period of $0.30. This makes the dividend yield 1.3%, which is above the industry average.Argan's Projected Earnings Seem Likely To Cover Future Distributions. While it is great to have a strong dividend yield, we should also consider whether the payment is sustainable. However, prior to this announcement, Argan's dividend was comfortably covered by both cash flow and earnings. This means that most of its earnings are being retained to grow the business.The next year is set to see EPS grow by 22.3%. If the dividend continues on this path, the payout ratio could be 34% by next year, which we think can be pretty sustainable going forward.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4129":"建筑与工程","NYSE":"纽交所","AGX":"Argan Inc."},"translate_title":"Argan(NYSE：AGX)将股息提高至0.375美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AGX":1,"NYSE":1},"content_text":"Argan, Inc. (NYSE:AGX) will increase its dividend on the 31st of October to $0.375, which is 25% higher than last year's payment from the same period of $0.30. This makes the dividend yield 1.3%, which is above the industry average. \n View our latest analysis for Argan \nArgan's Projected Earnings Seem Likely To Cover Future Distributions\n While it is great to have a strong dividend yield, we should also consider whether the payment is sustainable. However, prior to this announcement, Argan's dividend was comfortably covered by both cash flow and earnings. This means that most of its earnings are being retained to grow the business. \n The next year is set to see EPS grow by 22.3%. If the dividend continues on this path, the payout ratio could be 34% by next year, which we think can be pretty sustainable going forward. \n\n\n\n  NYSE:AGX Historic Dividend September 22nd 2024\n \n\nArgan Has A Solid Track Record\n The company has been paying a dividend for a long time, and it has been quite stable which gives us confidence in the future dividend potential. Since 2014, the annual payment back then was $0.75, compared to the most recent full-year payment of $1.20. This implies that the company grew its distributions at a yearly rate of about 4.8% over that duration. Dividends have grown relatively slowly, which is not great, but some investors may value the relative consistency of the dividend. \nThe Dividend Looks Likely To Grow\n Some investors will be chomping at the bit to buy some of the company's stock based on its dividend history. Argan has seen EPS rising for the last five years, at 100% per annum. Earnings per share is growing at a solid clip, and the payout ratio is low which we think is an ideal combination in a dividend stock as the company can quite easily raise the dividend in the future. \nArgan Looks Like A Great Dividend Stock\n In summary, it is always positive to see the dividend being increased, and we are particularly pleased with its overall sustainability. Earnings are easily covering distributions, and the company is generating plenty of cash. All in all, this checks a lot of the boxes we look for when choosing an income stock. \n Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. For instance, we've picked out 1 warning sign for Argan that investors should take into consideration. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2469979911"}