2024-03-11 07:00:00 ET
Summary
- Argan, Inc. is a construction firm that offers power generation, industrial, and telecommunications infrastructure services.
- The company has shown strong dividend growth, raising it by 20% in September, supported by strong earnings.
- Argan has a strong balance sheet with no debt and engages in share buybacks, indicating good capital allocation.
- The company has outperformed the S&P in the last year, doubling their performance in total returns.
- Due to the company's business structure, they are susceptible to weather and geopolitical issues.
Introduction
As a buy-and-hold investor, I'm usually on the constant lookout for companies with strong fundamentals that I can buy and hold for the foreseeable future. As an avid dividend investor, buying companies that not only offer attractive yields, but those that offer growth are what I typically look for when investing. Ultimately, I try to find that perfect balance between yield & growth....
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For further details see:
Argan: 4 Reasons Why This Stock Is A Buy For Long-Term Dividend Investors