Argo Investments Limited (ASX: ARG) Share Price and News
Price
Movement
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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
$6.66 billion
P/E Ratio
N/A
Dividend Yield
3.79%
Shares Outstanding
755.56 million
Earnings per share
N/A
Dividend per share
N/A
Year To Date Return
3.20%
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
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Volume
Avg. Volume (1 month)
Turnover
as at 24 Feb 3:44pm
Argo Investments Limited (ASX: ARG)
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Frequently Asked Questions
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According to Argo, it maintains a conservative investment style. It is owned by its shareholders and operated carefully for the benefit of all shareholders.
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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.
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Historically, Argo pays a fully franked interim dividend in February each year, and a final dividend in August.
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Argo Investments was established in 1946 and first listed on the ASX in 1963.
Dividend Payment History Data provided by Morningstar.
| Ex-Date | Amount | Franking | Type | Payable |
|---|---|---|---|---|
| 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.
| Date | Announcement | Price Sensitive? | Time | No. of Pages | File 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.
As of October 2022, Argo has a market capitalisation of $6.7 billion, placing it within the S&P/ASX 100 Index (ASX: XTO). It invests around $7 billion on behalf of more than 96,000 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.
| Date | Close | Change | % Change | Volume | Open | High | Low |
|---|---|---|---|---|---|---|---|
| 09 Aug 2023 | $8.82 | $0.01 | 0.11% | 217,748 | $8.82 | $8.85 | $8.81 |
| 08 Aug 2023 | $8.81 | $-0.07 | -0.79% | 173,127 | $8.86 | $8.88 | $8.81 |
| 07 Aug 2023 | $8.88 | $0.03 | 0.34% | 309,474 | $8.88 | $8.88 | $8.84 |
| 04 Aug 2023 | $8.85 | $-0.02 | -0.23% | 239,931 | $8.90 | $8.90 | $8.83 |
| 03 Aug 2023 | $8.87 | $0.01 | 0.11% | 147,243 | $8.88 | $8.94 | $8.86 |
| 02 Aug 2023 | $8.86 | $-0.06 | -0.67% | 188,091 | $8.90 | $8.94 | $8.86 |
| 01 Aug 2023 | $8.92 | $0.07 | 0.79% | 277,448 | $8.86 | $8.92 | $8.86 |
| 31 Jul 2023 | $8.85 | $0.01 | 0.11% | 346,682 | $8.85 | $8.89 | $8.83 |
| 28 Jul 2023 | $8.84 | $-0.03 | -0.34% | 171,600 | $8.86 | $8.87 | $8.81 |
| 27 Jul 2023 | $8.87 | $-0.02 | -0.22% | 244,071 | $8.89 | $8.89 | $8.85 |
| 26 Jul 2023 | $8.89 | $0.02 | 0.23% | 260,736 | $8.86 | $8.90 | $8.84 |
| 25 Jul 2023 | $8.87 | $0.03 | 0.34% | 120,682 | $8.84 | $8.87 | $8.84 |
| 24 Jul 2023 | $8.84 | $0.00 | 0.00% | 215,025 | $8.83 | $8.86 | $8.81 |
| 21 Jul 2023 | $8.84 | $-0.03 | -0.34% | 205,008 | $8.86 | $8.87 | $8.83 |
| 20 Jul 2023 | $8.87 | $0.03 | 0.34% | 143,601 | $8.86 | $8.88 | $8.85 |
| 19 Jul 2023 | $8.84 | $0.01 | 0.11% | 249,823 | $8.83 | $8.87 | $8.82 |
| 18 Jul 2023 | $8.83 | $0.02 | 0.23% | 178,028 | $8.84 | $8.85 | $8.81 |
| 17 Jul 2023 | $8.81 | $0.00 | 0.00% | 303,111 | $8.81 | $8.84 | $8.78 |
| 14 Jul 2023 | $8.81 | $0.05 | 0.57% | 240,291 | $8.78 | $8.84 | $8.78 |
| 13 Jul 2023 | $8.76 | $0.06 | 0.69% | 225,409 | $8.71 | $8.83 | $8.70 |
| 12 Jul 2023 | $8.70 | $0.01 | 0.12% | 156,506 | $8.73 | $8.75 | $8.68 |
| 11 Jul 2023 | $8.69 | $0.02 | 0.23% | 137,244 | $8.69 | $8.74 | $8.68 |
Director Transactions Data provided by Morningstar.
| Date | Director | Type | Amount | Value | Notes |
|---|---|---|---|---|---|
| 10 Mar 2023 | Russell Higgins | Issued | 2 | $19,235 |
Dividend Reinvestment Plan (DRP).
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| 10 Mar 2023 | Elizabeth Lewin | Issued | 265 | $2,379 |
Dividend Reinvestment Plan (DRP).
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| 10 Mar 2023 | Lianne Buck | Issued | 184 | $1,652 |
Dividend Reinvestment Plan (DRP).
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| 17 Oct 2022 | Lianne Buck | Buy | 10 | $88,700 |
On-market trade.
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| 16 Sep 2022 | Anne Brennan | Issued | 387 | $3,513 |
Dividend Reinvestment Plan (DRP).
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| 16 Sep 2022 | Elizabeth Lewin | Issued | 265 | $2,406 |
Dividend Reinvestment Plan (DRP).
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| 16 Sep 2022 | Russell Higgins | Issued | 2 | $19,449 |
Dividend Reinvestment Plan (DRP).
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Directors & Management 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.
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| 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
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| Mr Roger Andrew Davis | Non-Executive Director | Jun 2012 |
Mr Davis is an experienced director and former Rhodes Scholar with executive experience in banking and investment banking in Australia, Japan and the US.
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| 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. His directorship includes Telstra Foundation (Chair), Argo Service Company (Chair).
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| 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. He is a Managing director of Argo Service Company.
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| 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.
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| 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.
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| Mr Timothy (Tim) Campbell Agar Binks | Company SecretaryChief Operating Officer | Jul 2015 |
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| Andrew Hill | Chief Financial Officer |
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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 | 10,639,063 | 1.42% |
| RCY Pty Limited | 6,166,887 | 0.82% |
| JIT Pty Limited | 4,950,972 | 0.66% |
| Netwealth Investments Limited (Wrap Services a/c) | 4,219,435 | 0.56% |
| Australian Executor Trustee Limited (IPS IOOF Employer Super a/c) | 3,247,704 | 0.43% |
| BNP Paribas Nominees Pty Ltd Hub24 Custodial Serv Ltd (DRP a/c) | 2,960,062 | 0.39% |
| TRIGT Pty Limited | 2,852,478 | 0.38% |
| Nulis Nominees (Australia) Limited (Navigator Mast Plan Sett a/c) | 2,371,079 | 0.32% |
| McLennan Australia Corporation Pty Ltd | 2,329,043 | 0.31% |
| Citicorp Nominees Pty Limited | 2,277,595 | 0.30% |
| Navigator Australia Ltd (MLC Investment Sett a/c) | 2,150,245 | 0.29% |
| Donald Cant Pty Ltd | 1,877,451 | 0.25% |
| Salur Holdings Pty Limited | 1,429,747 | 0.19% |
| Kalymna Pty Ltd | 1,351,087 | 0.18% |
| Bougainville Copper Limited | 1,345,440 | 0.18% |
| Poplar Pty Ltd | 1,285,942 | 0.17% |
| Netwealth Investments Limited (Super Services a/c) | 1,191,555 | 0.16% |
| Jacaranda Pastoral Pty Ltd | 1,146,614 | 0.15% |
| Australian Executor Trustees Limited | 1,136,811 | 0.15% |
| HSBC Custody Nominees (Australia) Limited (Euroclear Bank SA NV a/c) | 1,118,129 | 0.15% |