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ARGAN, INC. DECLARES SPECIAL CASH DIVIDEND OF $1.00 PER SHARE AND REGULAR QUARTERLY DIVIDEND OF $0.25 PER SHARE

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December 10, 2020 — ROCKVILLE, MD. — Argan, Inc. (NYSE: AGX) (“Argan”) announced that today its Board of Directors declared a special cash dividend of $1.00 per share of common stock in addition to the regular quarterly cash dividend in the amount of $0.25 per share of common stock, for a total declared cash dividend of $1.25 per share of common stock, payable December 29, 2020 to stockholders of record at the close of business on December 21, 2020.

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