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CASH DIVIDENDS AND COMMON STOCK REPURCHASES	3 Months Ended
Apr. 30, 2023
CASH DIVIDENDS AND COMMON STOCK REPURCHASES
CASH DIVIDENDS AND COMMON STOCK REPURCHASES	NOTE 12 – CASH DIVIDENDS AND COMMON STOCK REPURCHASES On April 10, 2023, Argan’s board of directors declared a regular quarterly cash dividend in the amount of $0.25 per share of common stock, which was paid on April 28, 2023 to stockholders of record at the close of business on April 20, 2023. During the three months ended April 30, 2022, the board of directors declared a regular quarterly dividend of $0.25 per share of common stock, which was paid to stockholders on April 29, 2022. Pursuant to its established program and authorizations provided by Argan’s board of directors, the Company repurchased shares of its common stock during the three months ended April 30, 2023 and 2022. During these periods, the Company repurchased 92,656 shares and 710,879 shares of common stock, all on the open market, for aggregate prices of approximately $3.7 million, or $39.61 per share, and $27.1 million, or $38.09 per share, respectively. In August 2022, the Inflation Reduction Act (the “IRA”) was signed into law, which introduced a 1% excise tax on shares repurchased after December 31, 2022. For the three months ended April 30, 2023, the excise tax was not material.

CASH DIVIDENDS AND COMMON STOCK REPURCHASES

3 Months Ended

Apr. 30, 2023

CASH DIVIDENDS AND COMMON STOCK REPURCHASES

CASH DIVIDENDS AND COMMON STOCK REPURCHASES

NOTE 12 – CASH DIVIDENDS AND COMMON STOCK REPURCHASES

On April 10, 2023, Argan’s board of directors declared a regular quarterly cash dividend in the amount of $0.25 per share of common stock, which was paid on April 28, 2023 to stockholders of record at the close of business on April 20, 2023. During the three months ended April 30, 2022, the board of directors declared a regular quarterly dividend of $0.25 per share of common stock, which was paid to stockholders on April 29, 2022.

Pursuant to its established program and authorizations provided by Argan’s board of directors, the Company repurchased shares of its common stock during the three months ended April 30, 2023 and 2022. During these periods, the Company repurchased 92,656 shares and 710,879 shares of common stock, all on the open market, for aggregate prices of approximately $3.7 million, or $39.61 per share, and $27.1 million, or $38.09 per share, respectively.

In August 2022, the Inflation Reduction Act (the “IRA”) was signed into law, which introduced a 1% excise tax on shares repurchased after December 31, 2022. For the three months ended April 30, 2023, the excise tax was not material.