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CASH DIVIDENDS AND COMMON STOCK REPURCHASES | 9 Months Ended
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Oct. 31, 2022
CASH DIVIDENDS AND COMMON STOCK REPURCHASES |
CASH DIVIDENDS AND COMMON STOCK REPURCHASES | NOTE 12 – CASH DIVIDENDS AND COMMON STOCK REPURCHASES On September 8, 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 October 31, 2022 to stockholders of record at the close of business on October 21, 2022. The Company also made regular quarterly cash dividend payments in the amounts of $0.25 per share of common stock in April 2022 and July 2022. During the nine months ended October 31, 2021, the board of directors declared three regular quarterly cash dividends, each in the amount of $0.25 per share of common stock, which were paid to stockholders in October 2021, July 2021 and April 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 three and nine months ended October 31, 2022. During these periods, the Company repurchased 308,423 shares and 1,721,015 shares of common stock, most on the open market, for aggregate prices of approximately $10.1 million, or $32.69 per share, and $63.3 million, or $36.75 per share, respectively.

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