Argan increases buyback authorization to $125M and declares $0.25 quarterly dividend

ARGAN INC

Board approves increase in share repurchase program from $100M to $125M; ~$84M spent since Nov 2021, repurchasing 14% of shares.
Regular quarterly cash dividend of $0.25 per share declared, payable Jan 31, 2023 to holders of record Jan 20, 2023.
CEO says backlog exceeds $0.8B and subsidiaries are executing on growth opportunities.

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