Veytics Intelligence
2026-09-15 · Yahoo

This High-Yield Construction Stock Just Raised Its Dividend by 40%

Glass jar with the word Dividend by Andrii Yalanskyi via Shutterstock AI data centers need a huge amount of electricity. As hyperscalers add more capacity, the bigger bottleneck may be finding enough power, not chips. Berkshire Hathaway (BRK.A) (BRK.B) sees electricity as a growing opportunity tied to that demand. That is good news for companies that build power plants. Argan (AGX) provides construction and related services for power plants and energy infrastructure. In its latest fiscal quarter, Argan reported net income of $53.3 million, or $3.76 per share. The prior quarter brought a record revenue of $291 million and left the company with about $2.8 billion in project backlog.

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