Yearly Archives

2016

ARGAN, INC. ANNOUNCES 2016 CASH DIVIDEND OF $1.00 PER SHARE

By News

ROCKVILLE, Md.–(BUSINESS WIRE)– Argan, Inc. (NYSE: AGX) (the “Company”) today announced that its Board of Directors declared a regular cash dividend in the amount of $0.70 per share of common stock and a special cash dividend in the amount of $0.30 per share of common stock, for a total cash dividend of $1.00 per share of common stock.

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Argan, Inc.’s Wholly Owned Subsidiary Gemma Power Systems Receives Full Notice to Proceed on Natural Gas-Fired Combined Cycle Power Plant

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ROCKVILLE, Md.–(BUSINESS WIRE)– Argan, Inc. (NYSE: AGX) announced today that on March 11, 2016, its wholly owned subsidiary, Gemma Power Systems (GPS), received from NTE Carolinas LLC, an affiliate of NTE Energy (“NTE”), a full notice to proceed with engineering, procurement and construction activities for a 475 MW natural gas-fired combined cycle power plant to be located in Kings Mountain, North Carolina.

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Argan, Inc.’s Wholly Owned Subsidiary Gemma Power Systems Receives Notice to Proceed on CPV’s Towantic Energy Center

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ROCKVILLE, Md.–(BUSINESS WIRE)– Argan, Inc. (NYSE: AGX) today announced that its wholly owned subsidiary, Gemma Power Systems (GPS), has received Notice to Proceed to commence activities under an Engineering, Procurement and Construction Agreement with Competitive Power Venture’s Towantic Energy Center project (“CPV Towantic”) to construct a 785 MW state-of-the-art dual-fuel combined-cycle electric generating facility in Oxford, Connecticut.

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