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CASH DIVIDENDS AND COMMON STOCK REPURCHASES | 3 Months Ended
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Apr. 30, 2024
CASH DIVIDENDS AND COMMON STOCK REPURCHASES |
CASH DIVIDENDS AND COMMON STOCK REPURCHASES | NOTE 13 – CASH DIVIDENDS AND COMMON STOCK REPURCHASES During the three months ended April 30, 2024, the Company’s board of directors declared and the Company paid a regular quarterly cash dividend in the amount of $0.30 per share of common stock. During the three months ended April 30, 2023, the Company paid a regular quarterly dividend of $0.25 per share of common stock. 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, 2024 and 2023 and added the shares to treasury stock. During these periods, the Company repurchased 5,600 shares and 92,656 shares of common stock, all on the open market, for aggregate prices of approximately $0.3 million, or $44.87 per share, and $3.7 million, or $39.61 per share, respectively. For the three months ended April 30, 2024, the Company accepted 185,354 shares of common stock at the average price per share of $60.64 for the exercise price and/or tax withholding in connection with stock option exercises and other share-based award settlements. For the three months ended April 30, 2023, the Company did not accept any shares of common stock for such transactions. For the three months ended April 30, 2024 and 2023, the Company used 113,260 shares and 65,470 shares of treasury stock, respectively, to settle stock option exercises and other share-based awards.

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