Argo Investments Limited (ASX: ARG) Share Price and News

Price

 

Movement

   

  (20 mins delayed)

52 Week Range

  -  

 
1 Year Return

 

Argo Investments Limited Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $7.20 billion
P/E Ratio N/A
Dividend Yield 3.35%
Shares Outstanding 750.13 million
Earnings per share N/A
Dividend per share N/A
Year To Date Return -6.93%
Earnings Yield N/A
Franking 100%
Share Price

Day Change

52 Week Range

-

Yesterday's Close

Today's Open

Days Range

-

Volume

Avg. Volume (1 month)

Turnover

as at 24 Feb 3:44pm

Argo Investments Limited (ASX: ARG)
Latest News

a bearded man sits at his desk with hands behind his head and feet on his desk smiling widely while looking at his computer screen which has market data on it, indicating a please share price rise.
Earnings Results

Argo share price lifts on record 2022 financial year profit results

The strong profits were driven by record dividend payouts from some of the LIC’s holdings.

Read more »

a man surrounded by huge piles of paper looks through a magnifying glass at his computer screen.
Financial Shares

Own Argo shares? Here’s what you’re invested in

ASX blue chip shares are a significant feature in this LIC’s portfolio.

Read more »

A man in a colourful party shirt sticks his tongue out really far to lick a lollipop.
How to invest

Is AFIC the best LIC on the ASX?

AFIC is an ASX institution. But do its returns still measure up?

Read more »

Woman in business suit holds both hands out with a question mark above each hand.
Financial Shares

AFIC (ASX:AFI) is the biggest LIC on the market. But how does its performance stack up?

Let's take a look at AFIC's performance...

Read more »

A man with a wry smile on his face is shown close up behind ascending piles of coins as he places another coin on top of the tallest stack representing the rising Brickworks dividend yield
Share Market News

These ASX 200 shares can beat inflation: expert

These shares have been named as potential inflation-beaters...

Read more »

A businessman lowers his umbrella and smiles because it's raining money.
Earnings Results

Rocketing returns trump souring outlook: Argo Investments (ASX:ARG) share price lifts on results

Income investors should be pleased with the bump in dividends.

Read more »

white arrow pointing down
Share Market News

Argo Investments (ASX:ARG) share price drops following FY21 earnings

The Argo Investments share price is sliding today...

Read more »

Happy child jumping for joy.
Share Market News

These 10 ASX 200 shares hit new 52-week highs this Monday

These ASX 200 shares just hit new 52-week highs...

Read more »

Dividend Payment History Data provided by Morningstar.

Data provided by Morningstar.
Ex-Date Amount Franking Type Payable
18 Feb 2022 $0.1600 100.00% Interim 11 Mar 2022
27 Aug 2021 $0.1400 100.00% Final 17 Sep 2021
19 Feb 2021 $0.1400 100.00% Interim 12 Mar 2021
28 Aug 2020 $0.1400 100.00% Final 18 Sep 2020
14 Feb 2020 $0.1600 100.00% Interim 06 Mar 2020
23 Aug 2019 $0.1700 100.00% Final 13 Sep 2019
15 Feb 2019 $0.1600 100.00% Interim 08 Mar 2019
24 Aug 2018 $0.1600 100.00% Final 14 Sep 2018
16 Feb 2018 $0.1550 100.00% Interim 09 Mar 2018
25 Aug 2017 $0.1600 100.00% Final 15 Sep 2017
17 Feb 2017 $0.1500 100.00% Interim 10 Mar 2017
23 Aug 2016 $0.1550 100.00% Final 09 Sep 2016
11 Feb 2016 $0.1500 100.00% Interim 04 Mar 2016
17 Aug 2015 $0.1550 100.00% 02 Sep 2015
12 Feb 2015 $0.1400 100.00% 04 Mar 2015
18 Aug 2014 $0.1450 100.00% 03 Sep 2014
15 Aug 2013 $0.1350 100.00% Final 04 Sep 2013
11 Feb 2013 $0.1300 100.00% Interim 04 Mar 2013
14 Aug 2012 $0.1300 100.00% Final 05 Sep 2012
14 Feb 2012 $0.1300 100.00% Interim 07 Mar 2012
12 Feb 2009 $0.1400 100.00% Interim 04 Mar 2009
14 Aug 2007 $0.3300 39.39% Final 05 Sep 2007

ARG ASX Announcements

An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.

DateAnnouncementPrice Sensitive?TimeNo. of PagesFile Size
YesNo

About Argo Investments Limited

Argo Investments Limited (ASX: ARG) is a listed investment company (LIC) headquartered Adelaide, South Australia. The company has created a diversified portfolio of around 100 ASX listed companies. According to Argo, it maintains a conservative investment style, with more than 60% of the value of its portfolio comprised of the 20 largest, blue chip holdings.

As at October 2020, Argo Investments has a market capitalisation of around $5.5 billion placing it within the S&P/ASX 100 Index (ASX: XTO). The LIC aims to provide shareholders with long-term growth as well as reliable dividend income. The company primarily generates revenue through harvesting the dividends received from the holdings within its portfolio. The bulk of the profit generated by Argo is then paid to its shareholders in the form of fully franked dividends.

The LIC also manages Argo Global Listed Infrastructure Ltd (ASX: ALI) which provides investors with the opportunity to invest in listed securities within the global infrastructure sector. Some of the fund’s holdings include international airports, roads, utilities, and satellites.

Argo Investments was established in 1946 and first listed on the ASX in 1963. Over the course of the company’s history, it has made a number of acquisitions. The Argo share price was hit hard by the February/March 2020 crash, falling nearly 40% in a little over one month. The company’s shares did, however, rebound strongly and went on the recover much of those losses.

ARG Share Price History Data provided by Morningstar.

Data provided by Morningstar.
Date Close Change % Change Volume Open High Low
16 Aug 2022 $9.66 $0.09 0.94% 201,071 $9.63 $9.66 $9.57
15 Aug 2022 $9.57 $0.07 0.74% 147,211 $9.52 $9.63 $9.52
12 Aug 2022 $9.50 $-0.10 -1.04% 93,132 $9.57 $9.59 $9.49
11 Aug 2022 $9.60 $0.08 0.84% 141,100 $9.54 $9.61 $9.52
10 Aug 2022 $9.52 $-0.03 -0.31% 66,579 $9.55 $9.58 $9.52
09 Aug 2022 $9.55 $-0.01 -0.10% 187,245 $9.58 $9.65 $9.55
08 Aug 2022 $9.56 $0.02 0.21% 191,011 $9.53 $9.58 $9.44
05 Aug 2022 $9.54 $0.06 0.63% 156,326 $9.50 $9.56 $9.42
04 Aug 2022 $9.48 $0.06 0.64% 78,547 $9.47 $9.50 $9.43
03 Aug 2022 $9.42 $-0.13 -1.36% 112,714 $9.55 $9.55 $9.42
02 Aug 2022 $9.55 $0.08 0.84% 161,296 $9.44 $9.55 $9.40
01 Aug 2022 $9.47 $0.11 1.18% 141,234 $9.39 $9.49 $9.36
29 Jul 2022 $9.36 $-0.05 -0.53% 154,422 $9.44 $9.47 $9.30
28 Jul 2022 $9.41 $0.10 1.07% 90,917 $9.32 $9.44 $9.31
27 Jul 2022 $9.31 $-0.07 -0.75% 191,316 $9.35 $9.42 $9.29
26 Jul 2022 $9.38 $0.03 0.32% 200,616 $9.35 $9.40 $9.30
25 Jul 2022 $9.35 $-0.05 -0.53% 129,793 $9.44 $9.44 $9.30
22 Jul 2022 $9.40 $-0.05 -0.53% 114,767 $9.47 $9.48 $9.39
21 Jul 2022 $9.45 $0.01 0.11% 150,800 $9.40 $9.48 $9.38
20 Jul 2022 $9.44 $0.12 1.29% 157,928 $9.36 $9.49 $9.34
19 Jul 2022 $9.32 $0.06 0.65% 150,469 $9.26 $9.36 $9.20

Director Transactions Data provided by Morningstar.

Data provided by Morningstar.
Date Director Type Amount Value Notes
31 Mar 2022 Roger Davis Issued 2 $20,004
Participation in share purchase plan.
31 Mar 2022 Russell Higgins Issued 6 $60,003
Participation in share purchase plan.
31 Mar 2022 Anne Brennan Issued 3 $30,001
Participation in share purchase plan.
31 Mar 2022 Joycelyn Morton Issued 3 $30,001
Participation in share purchase plan.
11 Mar 2022 Joycelyn Morton Issued 471 $4,521
Dividend Reinvestment Plan (DRP).
11 Mar 2022 Elizabeth Lewin Issued 232 $2,227
Dividend Reinvestment Plan (DRP).
11 Mar 2022 Russell Higgins Issued 1 $16,992
Dividend Reinvestment Plan (DRP).
11 Mar 2022 Anne Brennan Issued 286 $2,745
Dividend Reinvestment Plan (DRP).
17 Feb 2022 Jason Beddow Sell 15 $150,750
On-market trade.
08 Oct 2021 Jason Beddow Buy 23 $220,152
Conversion of securities. As per announcement on 11/10/2021.
There is no conversion of performance rights reported.
17 Sep 2021 Elizabeth Lewin Issued 208 $1,919
Dividend Reinvestment Plan (DRP).
17 Sep 2021 Joycelyn Morton Issued 422 $3,895
Dividend Reinvestment Plan (DRP).
17 Sep 2021 Anne Brennan Issued 256 $2,362
Dividend Reinvestment Plan (DRP).
17 Sep 2021 Russell Higgins Issued 1 $14,648
Dividend Reinvestment Plan (DRP).

Directors & Management Data provided by Morningstar.

Data provided by Morningstar.
Name Title Start Date Profile
Mr Christopher (Chris) Edgar Cuffe Non-Executive Director Aug 2016
Mr Cuffe is experience in the wealth management and philanthropic sectors, including as CEO of Colonial First State and Challenger Financial Services, and Chairman of
UniSuper.
Mr Roger Andrew Davis Non-Executive Director Jun 2012
Mr Davis is an experienced director and former Rhodes Scholar with
extensive executive experience in banking and investment banking in Australia, Japan and the US.
Mr Russell Allan Higgins Non-Executive DirectorNon-Executive Chairman Sep 2011
Mr Higgin is an experienced company director who has also held several senior government positions, particularly in the industry, science and energy sectors, and in economic and fiscal policy, in Australia and overseas.
Ms Anne Bernadette Brennan Non-Executive Director Sep 2011
Ms Brennan is an experienced company director with executive experience in a variety of financial roles with large corporates and chartered accounting firms, particularly in audit, corporate finance and transaction services.
Mr Jason Beddow Managing Director Mar 2010
Mr Beddow started his career in mining engineering before moving into the investment industry, working in broking, research and funds management. Joined Argo in 2001 as an investment analyst, became Chief Investment Officer in 2008 and Chief Executive Officer in 2010.
Ms Elizabeth Anne Lewin Non-Executive Director Jul 2018
Ms Lewin has background in the financial services sector, including wealth management, investment banking and superannuation, in Australia and the UK.
Ms Lianne Margaret Buck Non-Executive Director Jul 2022
Ms Buck has over 20 years of experience in Australian and global investment markets. She commenced her executive career in Canada as a Chartered Accountant before working in various roles for Macquarie Group, Westpac Banking Corporation, Hastings Funds Management and NSW Treasury Corporation where she was Head of Direct Investments and Infrastructure. She is an experienced company director and is currently also a Non-executive Director of AusNet Services and ISPT Pty Ltd. Previously she served on the Boards of Spark Infrastructure, Australian Pacific Airports Corporation and Utilities Trust of Australia Pty Ltd.
Mr Timothy (Tim) Campbell Agar Binks Company SecretaryChief Operating Officer Jul 2015
-
Timothy (Tim) Campbell Agar Binks Company SecretaryChief Operating Officer
-

Top Shareholders Data provided by Morningstar.

Data provided by Morningstar.
Name Shares Capital
HSBC Custody Nominees (Australia) Limited 9,984,442 1.38%
RCY Pty. Limited 6,166,887 0.85%
JIT Pty. Limited 4,950,972 0.68%
Australian Executor Trustee Limited (IPS Super a/c) 2,934,968 0.40%
TRIGT Pty. Limited 2,852,478 0.39%
Netwealth Investments Limited (Wrap Services a/c) 2,668,018 0.37%
Nulis Nominees (Australia) Limited (Navigator Mast Plan Sett a/c 2,488,891 0.34%
Citicorp Nominees Pty. Limited 2,341,461 0.32%
McLennan Australia Corporation Pty. Ltd. 2,329,043 0.32%
Navigator Australia Ltd. (MLC Investment Sett a/c) 2,138,401 0.29%
Milton Corporation Limited 2,010,741 0.28%
Donald Cant Pty. Ltd. 1,874,225 0.26%
BNP Paribas Nominees Pty Ltd Hub24 Custodial Serv Ltd (DRP a/c) 1,823,240 0.25%
Bougainville Copper Limited 1,440,000 0.20%
Salur Holdings Pty. Limited 1,426,521 0.20%
Kalymna Pty. Ltd. 1,351,087 0.19%
Poplar Pty. Ltd. 1,285,942 0.18%
Jacaranda Pastoral Pty. Ltd. 1,177,614 0.16%
HSBC Custody Nominees (Australia) Limited (Euroclear Bank SA NV a/c) 1,118,129 0.15%
Resthaven Incorporated 1,084,077 0.15%

Profile

since

Note