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 $6.54 billion
P/E Ratio N/A
Dividend Yield 2.96%
Shares Outstanding 724.96 million
Earnings per share N/A
Dividend per share N/A
Year To Date Return 15.73%
Earnings Yield N/A
Franking 100%
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as at 24 Feb 3:44pm

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Argo Investments Limited (ASX: ARG)
Latest News

Dividend Payment History Data provided by Morningstar.

Data provided by Morningstar.
Ex-Date Amount Franking Type Payable
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
23 Sep 2021 $9.00 $0.09 1.01% 287,788 $8.94 $9.12 $8.94
22 Sep 2021 $8.91 $-0.01 -0.11% 347,883 $8.91 $8.94 $8.86
21 Sep 2021 $8.92 $-0.07 -0.78% 628,390 $8.95 $8.95 $8.80
20 Sep 2021 $8.99 $-0.17 -1.86% 615,282 $9.15 $9.15 $8.96
17 Sep 2021 $9.16 $-0.01 -0.11% 357,406 $9.16 $9.20 $9.12
16 Sep 2021 $9.17 $0.00 0.00% 230,862 $9.18 $9.23 $9.16
15 Sep 2021 $9.17 $0.01 0.11% 175,735 $9.16 $9.19 $9.14
14 Sep 2021 $9.16 $-0.09 -0.97% 370,398 $9.28 $9.28 $9.14
13 Sep 2021 $9.25 $-0.07 -0.75% 350,885 $9.30 $9.32 $9.25
10 Sep 2021 $9.32 $0.02 0.22% 316,813 $9.33 $9.40 $9.27
09 Sep 2021 $9.30 $-0.15 -1.59% 518,115 $9.45 $9.45 $9.26
08 Sep 2021 $9.45 $0.09 0.96% 171,828 $9.40 $9.47 $9.37
07 Sep 2021 $9.36 $-0.02 -0.21% 266,088 $9.38 $9.41 $9.33
06 Sep 2021 $9.38 $-0.05 -0.53% 160,108 $9.45 $9.45 $9.37
03 Sep 2021 $9.43 $0.07 0.75% 231,568 $9.37 $9.43 $9.35
02 Sep 2021 $9.36 $-0.02 -0.21% 232,489 $9.48 $9.48 $9.36
01 Sep 2021 $9.38 $-0.07 -0.74% 267,721 $9.44 $9.46 $9.38
31 Aug 2021 $9.45 $0.05 0.53% 199,089 $9.40 $9.45 $9.39
30 Aug 2021 $9.40 $-0.05 -0.53% 216,425 $9.48 $9.49 $9.38
27 Aug 2021 $9.45 $-0.10 -1.05% 288,674 $9.40 $9.45 $9.31
26 Aug 2021 $9.55 $-0.01 -0.10% 227,970 $9.57 $9.61 $9.53
25 Aug 2021 $9.56 $-0.04 -0.42% 162,077 $9.60 $9.64 $9.56
24 Aug 2021 $9.60 $0.01 0.10% 167,325 $9.57 $9.61 $9.56

Director Transactions Data provided by Morningstar.

Data provided by Morningstar.
Date Director Type Amount Value Notes
17 Sep 2021 Russell Higgins Issued 1 $14,648
Dividend Reinvestment Plan (DRP).
17 Sep 2021 Anne Brennan Issued 256 $2,362
Dividend Reinvestment Plan (DRP).
17 Sep 2021 Joycelyn Morton Issued 422 $3,895
Dividend Reinvestment Plan (DRP).
17 Sep 2021 Elizabeth Lewin Issued 208 $1,919
Dividend Reinvestment Plan (DRP).
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 Elizabeth Lewin Issued 227 $218
Dividend Reinvestment Plan (DRP).
12 Mar 2021 Joycelyn Morton Issued 460 $3,836
Dividend Reinvestment Plan (DRP).
12 Mar 2021 Anne Brennan Issued 279 $2,326
Dividend Reinvestment Plan (DRP).
12 Mar 2021 Russell Higgins Issued 1 $14,411
Dividend Reinvestment Plan (DRP).
15 Oct 2020 Jason Beddow Buy 13 $104,597
Conversion of securities.

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.
Ms Joycelyn Cheryl Morton Non-Executive Director Mar 2012
Ms Morton is an experienced corporate and government company director with executive experience in corporate, tax and accounting roles both in Australia and overseas.
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.
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.

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%

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