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
$6.74 billion
P/E Ratio
N/A
Dividend Yield
3.07%
Shares Outstanding
724.96 million
Earnings per share
N/A
Dividend per share
N/A
Year To Date Return
12.48%
Earnings Yield
N/A
Franking
100%
Share Price
Day Change
52 Week Range
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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 |
|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| 27 Jul 2021 | $9.16 | $-0.03 | -0.33% | 316,789 | $9.20 | $9.23 | $9.15 |
| 26 Jul 2021 | $9.19 | $-0.02 | -0.22% | 212,243 | $9.21 | $9.23 | $9.17 |
| 23 Jul 2021 | $9.21 | $0.07 | 0.77% | 183,976 | $9.15 | $9.28 | $9.15 |
| 22 Jul 2021 | $9.14 | $0.06 | 0.66% | 207,300 | $9.12 | $9.19 | $9.11 |
| 21 Jul 2021 | $9.08 | $-0.05 | -0.55% | 231,492 | $9.14 | $9.19 | $9.08 |
| 20 Jul 2021 | $9.13 | $-0.07 | -0.76% | 293,111 | $9.18 | $9.19 | $9.08 |
| 19 Jul 2021 | $9.20 | $-0.03 | -0.33% | 259,621 | $9.22 | $9.29 | $9.16 |
| 16 Jul 2021 | $9.23 | $-0.02 | -0.22% | 200,852 | $9.28 | $9.29 | $9.23 |
| 15 Jul 2021 | $9.25 | $0.04 | 0.43% | 210,303 | $9.20 | $9.28 | $9.19 |
| 14 Jul 2021 | $9.21 | $0.01 | 0.11% | 163,143 | $9.15 | $9.21 | $9.15 |
| 13 Jul 2021 | $9.20 | $0.08 | 0.88% | 245,165 | $9.13 | $9.20 | $9.11 |
| 12 Jul 2021 | $9.12 | $0.04 | 0.44% | 216,667 | $9.10 | $9.17 | $9.08 |
| 09 Jul 2021 | $9.08 | $-0.07 | -0.77% | 223,304 | $9.13 | $9.14 | $9.05 |
| 08 Jul 2021 | $9.15 | $0.06 | 0.66% | 270,572 | $9.08 | $9.15 | $9.08 |
| 07 Jul 2021 | $9.09 | $0.00 | 0.00% | 242,321 | $9.05 | $9.11 | $9.02 |
| 06 Jul 2021 | $9.09 | $0.12 | 1.34% | 332,729 | $8.97 | $9.09 | $8.95 |
| 05 Jul 2021 | $8.97 | $0.08 | 0.90% | 175,856 | $8.93 | $8.98 | $8.90 |
| 02 Jul 2021 | $8.89 | $-0.01 | -0.11% | 208,413 | $8.91 | $8.94 | $8.89 |
| 01 Jul 2021 | $8.90 | $-0.03 | -0.34% | 326,890 | $8.90 | $8.91 | $8.85 |
| 30 Jun 2021 | $8.93 | $0.02 | 0.22% | 171,873 | $8.91 | $8.98 | $8.91 |
| 29 Jun 2021 | $8.91 | $0.04 | 0.45% | 203,206 | $8.90 | $8.96 | $8.86 |
Director Transactions Data provided by Morningstar.
| Date | Director | Type | Amount | Value | Notes |
|---|---|---|---|---|---|
| 01 Apr 2021 | Jason Beddow | Transfer | 13 | $112,735 |
Off-market transfer.
|
| 01 Apr 2021 | Jason Beddow | Transfer | 13 | $112,735 |
Off-market transfer.
|
| 12 Mar 2021 | Joycelyn Morton | Issued | 460 | $3,836 |
Dividend Reinvestment Plan (DRP).
|
| 12 Mar 2021 | Russell Higgins | Issued | 1 | $14,411 |
Dividend Reinvestment Plan (DRP).
|
| 12 Mar 2021 | Anne Brennan | Issued | 279 | $2,326 |
Dividend Reinvestment Plan (DRP).
|
| 12 Mar 2021 | Elizabeth Lewin | Issued | 227 | $218 |
Dividend Reinvestment Plan (DRP).
|
| 15 Oct 2020 | Jason Beddow | Buy | 13 | $104,597 |
Conversion of securities.
|
| 18 Sep 2020 | Elizabeth Lewin | Issued | 244 | $1,851 |
Dividend Reinvestment Plan (DRP).
|
| 18 Sep 2020 | Joycelyn Morton | Issued | 496 | $3,764 |
Dividend Reinvestment Plan (DRP).
|
| 18 Sep 2020 | Anne Brennan | Issued | 301 | $2,284 |
Dividend Reinvestment Plan (DRP).
|
| 18 Sep 2020 | Russell Higgins | Issued | 1 | $14,147 |
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 known in the wealth management and philanthropic sectors. He is a former Chief Executive Officer of Colonial First State and Challenger Financial Services Group, and a former Chairman of UniSuper Ltd. Mr. Cuffe is also Chairman of Hearts and Minds Investments Ltd (since 2018) and is a Nonexecutive Director of Global Value Fund Ltd (since 2014), Antipodes Global Investment Company Ltd (since 2016) and Class Ltd (since 2017). He is Member of Risk Committee.
|
| Mr Roger Andrew Davis | Non-Executive Director | Jun 2012 |
Mr Davis is a Rhodes Scholar and has over 30 years' experience in banking and investment banking in Australia, Japan and the US. Mr. Davis is also Chairman of Bank of Queensland Ltd (Director since 2008) and a Non-executive Director of Charter Hall Retail (since 2018), Chairman of AIG Australia Ltd (Director since 2010) and a consulting Director at Rothschild Australia Ltd (since 2003). He was previously a Nonexecutive Director of Aristocrat Leisure Ltd (2005 to 2017) and Ardent Leisure Ltd (2008 to 2018).
|
| Mr Russell Allan Higgins | Non-Executive DirectorNon-Executive Chairman | Sep 2011 |
Mr. Higgins joined the Board in 2011 and was appointed Chairman in 2018. He has background in the energy and infrastructure sectors and in economic and fiscal policy, both locally and internationally. He is an experienced company director who has also held senior government positions. Mr. Higgins is also Chairman of Argo Global Listed Infrastructure Ltd (since 2018) and was previously a Non-executive Director of APA Group (2004 to 2019) and Telstra Corporation Ltd (2009 to 2018).
|
| Ms Anne Bernadette Brennan | Non-Executive Director | Sep 2011 |
Ms Brennan has extensive financial experience gained over many years in a variety of senior management roles with large corporates and chartered accounting firms, particularly in the areas of audit, corporate finance and transaction services. Ms. Brennan is also a Non-executive Director of Charter Hall Group (since 2010), Nufarm Ltd (since 2011) and Rabobank Australia and New Zealand Ltd (since 2011). She was previously a Non-executive Director of Myer Holdings Ltd (2009 to 2017) and Metcash Ltd (2018 to 2019). She is Chair od Audit and Risk Committee.
|
| Ms Joycelyn Cheryl Morton | Non-Executive Director | Mar 2012 |
Ms Morton has business and accounting background and has worked in number of senior financial roles both in Australia and internationally, with particular expertise in taxation. Ms. Morton is also a Non-executive Director of Argo Global Listed Infrastructure Ltd (since 2015), Beach Energy Ltd (since 2018), Snowy Hydro Ltd (since 2012) and ASC Pty Ltd (since 2017). She was previously a Non-executive Director of Thorn Group Ltd (2011 to 2018) and Invocare Ltd (2015 to 2018). She is Member of Audit & Risk Committee.
|
| Mr Jason Beddow | Managing Director | Mar 2010 |
Mr. Beddow has an engineering and investment background. He joined the Company in 2001 as an Investment Analyst and became Chief Investment Officer in 2008. He was appointed Chief Executive Officer in 2010 and Managing Director in 2014. Mr Beddow is also Managing Director of Argo Global Listed Infrastructure Ltd (since 2015).
|
| Ms Elizabeth Anne Lewin | Non-Executive Director | Jul 2018 |
Ms Lewin has over 25 years of international experience in the financial services sector, with an extensive background in wealth management, investment banking and superannuation as a director and a senior executive. Ms. Lewin was previously a Non-executive Director of Colonial First State Investments Ltd (2015 to 2018), Colonial Mutual Superannuation Pty Ltd (2015 to 2018) and Avanteos Investments Ltd (2015 to 2018).
|
| Mr Timothy (Tim) Campbell Agar Binks | Company SecretaryChief Operating Officer | Jul 2015 |
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| Timothy (Tim) Campbell Agar Binks | Company SecretaryChief Operating Officer |
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Top Shareholders Data provided by Morningstar.
| Name | Shares | Capital |
|---|---|---|
| HSBC Custody Nominees (Australia) Limited | 10,405,666 | 1.44% |
| Rcy Pty. Limited | 6,166,887 | 0.86% |
| Jit Pty. Limited | 4,950,972 | 0.69% |
| Australian Executor Trustee Limited | 3,375,047 | 0.47% |
| Trigt Pty. Limited | 2,852,478 | 0.40% |
| Nulis Nominees (Australia) Limited | 2,707,388 | 0.38% |
| Mclennan Australia Corporation Pty. Ltd. | 2,329,043 | 0.32% |
| Netwealth Investments Limited | 2,317,819 | 0.32% |
| Navigator Australia Ltd. | 2,253,951 | 0.31% |
| Citicorp Nominees Pty. Limited | 2,196,451 | 0.30% |
| Milton Corporation Limited | 1,880,841 | 0.26% |
| Donald Cant Pty. Ltd. | 1,874,225 | 0.26% |
| Kalymna Pty. Ltd. | 1,608,087 | 0.22% |
| Salur Holdings Pty. Limited | 1,454,621 | 0.20% |
| Bougainville Copper Limited | 1,440,000 | 0.20% |
| Poplar Pty. Ltd. | 1,285,942 | 0.18% |
| Jacaranda Pastoral Pty. Ltd. | 1,212,614 | 0.17% |
| Hsbc Custody Nominees (Australia) Limited I | 1,059,667 | 0.15% |
| Ling Nominees Pty. Ltd. | 1,056,195 | 0.15% |
| Australian Executor Trustees Limited | 1,040,277 | 0.14% |