Argo Investments Limited (ASX: ARG) Share Price and News
Price
Movement
(20 mins delayed)
52 Week Range
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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)
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Dividend Payment History 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.
| Date | Announcement | Price Sensitive? | Time | No. of Pages | File 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.
| 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.
| 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.
| 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.
| 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% |