STOCKHOLDERS' EQUITY

3 Months Ended

Apr. 30, 2025

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

NOTE 13 – STOCKHOLDERS’ EQUITY

During the three months ended April 30, 2025 and during Fiscal 2025, the Company paid dividends to stockholders as follows:

Record Date	Payment Date	Amount Per Share
April 22, 2025	April 30, 2025	$	0.375
January 23, 2025	January 31, 2025		0.375
October 23, 2024	October 31, 2024		0.375
July 23, 2024	July 31, 2024		0.300
April 22, 2024	April 30, 2024		0.300

On April 10, 2025, the board of directors increased the total authorization to repurchase shares of the Company’s common stock by $25 million, bringing the aggregate authorized amount to $150 million. 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, 2025 and 2024 and added the shares to treasury stock. During these periods, the Company repurchased 55,117 shares and 5,600 shares of common stock, all on the open market, for aggregate prices of approximately $6.8 million, or $124.25 per share, and $0.3 million, or $44.87 per share, respectively.