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Argo Investments Limited

Argo Investments Limited (ARG) is an Australian listed investment company. Argo’s objective is to maximise long-term returns to shareholders through a balance of capital and dividend growth. It does this by investing in a diversified Australian equities portfolio which is actively managed in a low cost structure in a tax-aware manner.

Argo was established in 1946 and today has over 87,000 shareholders and a $6.1 billion portfolio invested across approximately 100 different equity holdings and cash.

Argo shares offer investors a professionally managed, diversified and easily traded exposure to the Australian equity market, without the need to pay fees to an investment manager.

ASX Code
ARG

Sector

Website
https://www.argoinvestments.com.au/

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News

Argo Investments maintains dividend

Despite an 8.5% slide in net profit, Argo Investments (ASX:ARG) is holding its interim dividend at 16.5 cents a share. The Adelaide-based listed investment company (LIC) informed the ASX on Monday that the lower result stemmed from a decline in distributions from some of its major investments. It revealed it had sold out of its holdings in Insurance Australia Group and Liontown and accepted bids for Estia Health and Invocare.

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