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CASH DIVIDENDS AND COMMON STOCK REPURCHASES | 6 Months Ended
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Jul. 31, 2022
CASH DIVIDENDS AND COMMON STOCK REPURCHASES |
CASH DIVIDENDS AND COMMON STOCK REPURCHASES | NOTE 12 – CASH DIVIDENDS AND COMMON STOCK REPURCHASES On June 21, 2022, 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 July 29, 2022 to stockholders of record at the close of business on July 21, 2022. On April 11, 2022, 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 29, 2022 to stockholders of record at the close of business on April 21, 2022. During the six months ended July 31, 2021, the board of directors declared two regular quarterly cash dividends, each in the amount of $0.25 per share of common stock, which were paid to stockholders on July 30, 2021 and April 30, 2021, respectively. Pursuant to authorizations provided by Argan’s board of directors (the “Share Repurchase Plan”), the Company repurchased shares of its common stock during the six months ended July 31, 2022. During this period, the Company repurchased 1,412,592 shares of common stock, most on the open market, for an aggregate price of approximately $53.2 million, or $37.64 per share.

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