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

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Argo Investments Limited Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $6.58 billion
P/E Ratio N/A
Dividend Yield 3.77%
Shares Outstanding 761.24 million
Earnings per share N/A
Dividend per share N/A
Year To Date Return 1.18%
Earnings Yield N/A
Franking 100%
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as at 24 Feb 3:44pm

  • Argo Investments Limited (ASX: ARG)
    Latest News

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    Argo share price falls as profits drop 8%

    Argo had a tough first half of FY24.

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    This multi-billion-dollar investment fund has been buying up Liontown shares. Should you?

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    Materials Shares

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    Own Argo Investments shares? Get ready to receive your dividends

    It's dividend payday for Argo shares today...

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    Frequently Asked Questions

    According to Argo, it maintains a conservative investment style. It is owned by its shareholders and operated carefully for the benefit of all shareholders.

    Yes, ARG has paid shareholders dividends every year since being established more than 75 years ago. Argo generates revenue primarily from dividends and distributions received from the companies within its portfolio. The majority of that income is paid out to shareholders as fully franked dividends.

    Historically, Argo pays a fully franked interim dividend in February each year, and a final dividend in August

    Argo Investments was established in 1946 and first listed on the ASX in 1963.

    Dividend Payment History Data provided by Morningstar.

    Data provided by Morningstar.
    Ex-Date Amount Franking Type Payable
    16 Feb 2024 $0.1650 100.00% Interim 08 Mar 2024
    25 Aug 2023 $0.1800 100.00% Final 15 Sep 2023
    17 Feb 2023 $0.1650 100.00% Interim 10 Mar 2023
    26 Aug 2022 $0.1700 100.00% Final 16 Sep 2022
    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 $0.0000 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
    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 2008 $0.1600 100.00% Final 05 Sep 2008
    14 Aug 2007 $0.1500 100.00% Final 05 Sep 2007
    12 Feb 2007 $0.1200 100.00% Interim 09 Mar 2007
    17 Aug 2006 $0.1300 100.00% Final 08 Sep 2006
    20 Feb 2006 $0.1100 100.00% Interim 10 Mar 2006
    17 Aug 2005 $0.0100 100.00% Special 08 Sep 2005
    17 Aug 2005 $0.1000 100.00% Final 08 Sep 2005
    23 Feb 2004 $0.0050 100.00% Special Cash 12 Mar 2004
    23 Feb 2004 $0.0800 100.00% Interim 12 Mar 2004

    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

    Founded in 1946, Argo Investments Limited (ASX: ARG) is a listed investment company (LIC) headquartered in Adelaide, South Australia.  The company has a diversified portfolio of more than 90 ASX-listed companies.

    Argo has a market capitalisation of over $6 billion, placing it within the S&P/ASX 100 Index (ASX: XTO). It invests more than $6 billion on behalf of more than 93,000 shareholders.

    The LIC aims to provide shareholders with long-term growth as well as reliable dividend income.

    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.

    ARG Share Price History Data provided by Morningstar.

    Data provided by Morningstar.
    Date Close Change % Change Volume Open High Low
    14 Jun 2024 $8.64 $-0.07 -0.80% 260,691 $8.69 $8.69 $8.64
    13 Jun 2024 $8.71 $0.07 0.81% 363,418 $8.65 $8.71 $8.64
    12 Jun 2024 $8.64 $-0.03 -0.35% 282,949 $8.64 $8.67 $8.63
    11 Jun 2024 $8.67 $-0.09 -1.03% 340,118 $8.76 $8.77 $8.66
    07 Jun 2024 $8.76 $0.04 0.46% 334,246 $8.72 $8.77 $8.72
    06 Jun 2024 $8.72 $0.03 0.35% 350,848 $8.69 $8.76 $8.69
    05 Jun 2024 $8.69 $0.02 0.23% 245,997 $8.67 $8.72 $8.67
    04 Jun 2024 $8.67 $-0.03 -0.34% 182,709 $8.70 $8.71 $8.66
    03 Jun 2024 $8.70 $0.06 0.69% 230,478 $8.65 $8.70 $8.64
    31 May 2024 $8.64 $0.07 0.82% 232,726 $8.57 $8.64 $8.57
    30 May 2024 $8.57 $-0.04 -0.46% 266,334 $8.61 $8.65 $8.57
    29 May 2024 $8.61 $-0.03 -0.35% 206,951 $8.63 $8.64 $8.58
    28 May 2024 $8.64 $0.03 0.35% 149,993 $8.62 $8.67 $8.62
    27 May 2024 $8.61 $-0.02 -0.23% 283,415 $8.62 $8.67 $8.60
    24 May 2024 $8.63 $0.00 0.00% 238,992 $8.62 $8.64 $8.60
    23 May 2024 $8.63 $-0.01 -0.12% 254,389 $8.65 $8.69 $8.62
    22 May 2024 $8.64 $-0.08 -0.92% 216,839 $8.72 $8.72 $8.64
    21 May 2024 $8.72 $0.00 0.00% 199,506 $8.70 $8.75 $8.70
    20 May 2024 $8.72 $0.06 0.69% 321,730 $8.67 $8.76 $8.67
    17 May 2024 $8.66 $-0.04 -0.46% 245,444 $8.70 $8.70 $8.63
    16 May 2024 $8.70 $0.08 0.93% 230,589 $8.64 $8.74 $8.64

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    08 Mar 2024 Russell Higgins Issued 2,260 $20,001
    Dividend Reinvestment Plan (DRP).
    08 Mar 2024 Lianne Buck Issued 194 $1,716
    Dividend Reinvestment Plan (DRP).
    09 Oct 2023 Jason Beddow Buy 82,151 $714,713
    Conversion of securities. As per announcement on 13-10-2023, There is no transaction reported for conversion of rights
    15 Sep 2023 Elizabeth Lewin Issued 304 $2,635
    Dividend Reinvestment Plan (DRP).
    15 Sep 2023 Lianne Buck Issued 211 $1,829
    Dividend Reinvestment Plan (DRP).
    15 Sep 2023 Russell Higgins Issued 2,465 $21,371
    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 has experience in the wealth management and philanthropic sectors, including as CEO of Colonial First State and Challenger Financial Services, and Chairman of UniSuper. He is a member of the Risk Committee. He is a director of Australian Philanthropic Services, Realside Financial Group, Third Link Investment Managers, Ventra Capital. He is a Audit & Risk Committee member.
    Mr Peter Hastings Warne Non-Executive Director Nov 2022
    Mr Warne is an experienced director with knowledge of the financial services and investment banking sectors. An actuary by background, his executive career included a number of senior roles at Bankers Trust Australia, including as head of its global Financial Markets Group. Mr. Warnes previous non-executive director roles include as Chairman of Macquarie Group, ALE Property Group, OFX Group and New South Wales Treasury Corporation. He was also a non-executive director of Crowe Horwath, Sydney Futures Exchange and ASX. He is currently Chairman of IPH and St Andrews Cathedral School Foundation, and a non executive member of the NSW Net Zero Emissions and Clean Economy Board
    Mr Russell Allan Higgins Non-Executive DirectorNon-Executive Chairman Sep 2011
    Mr Higgins is an experienced company director who has also held several senior government positions, particularly in industry, science and energy, and in economic and fiscal policy, in Australia and overseas. He is also a member of Audit & Risk Committee.
    Mr Jason Beddow Managing Director Mar 2010
    Mr Jason Started his career in mining engineering before moving into the investment industry, working in broking, research and funds management. He 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 an background in the financial services sector, including wealth management, investment banking and superannuation, in Australia and the UK. She is a director of the Australian Chamber Orchestra, Kaldor Public Art Projects.
    Ms Melissa Kate Holzberger Non-Executive Director Oct 2023
    --
    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. She is chair of Audit & Risk Committee.
    Mr Timothy (Tim) Campbell Agar Binks Company SecretaryChief Operating Officer Jul 2015
    -
    Andrew Hill Chief Financial Officer
    -
    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 13,124,800 1.74%
    RCY Pty. Limited 6,166,887 0.82%
    Netwealth Investments Limited (Wrap Services a/c) 5,067,446 0.67%
    JIT Pty. Limited 4,950,972 0.66%
    BNP Paribas Nominees Pty Ltd Hub24 Custodial Serv Ltd (DRP a/c) 3,579,185 0.47%
    IOOF Investment Services Limited (IPS Superfund a/c) 3,098,968 0.41%
    TRIGT Pty. Limited 2,852,478 0.38%
    Citicorp Nominees Pty. Limited 2,751,623 0.36%
    McLennan Australia Corporation Pty. Ltd. 2,329,043 0.31%
    Nulis Nominees (Australia) Limited (Navigator Mast Plan Sett a/c) 2,196,583 0.29%
    Navigator Australia Ltd. (MLC Investment Sett a/c) 2,116,051 0.28%
    Donald Cant Pty. Ltd. 1,882,451 0.25%
    Netwealth Investments Limited (Super Services a/c) 1,799,989 0.24%
    Salur Holdings Pty. Limited 1,429,747 0.19%
    Poplar Pty. Ltd. 1,285,942 0.17%
    Bougainville Copper Limited 1,159,070 0.15%
    Jacaranda Pastoral Pty. Ltd. 1,146,614 0.15%
    IOOF Investments Services Limited (IOOF IDPS a/c) 1,116,923 0.15%
    Kalymna Proprietary Limited 1,111,477 0.15%
    HSBC Custody Nominees (Australia) Limited (Euroclear Bank SA NV a/c) 1,059,667 0.14%

    Profile

    since

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