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The latest announcement is out from Argo Investments Limited ( (AU:ARG) ).
Argo Investments Limited reported a record high net tangible asset (NTA) per share of $10.37 as of January 31, reflecting a strong start to the year for the Australian share market, which rose by 4.6% in January. The company announced a half-year profit of $121.2 million and an interim dividend of 17 cents per share, fully franked. This performance underscores Argo’s resilient investment strategy and its capacity to deliver sustainable dividends, benefiting its broad base of 91,200 shareholders.
More about Argo Investments Limited
Argo Investments Limited, founded in 1946, is one of Australia’s oldest and largest listed investment companies. The company manages a diversified portfolio of Australian equities through a low-cost, internally managed business model. Argo focuses on maximizing long-term shareholder returns by providing reliable, fully franked dividend income and capital growth.
YTD Price Performance: 2.38%
Technical Sentiment Consensus Rating: Buy
See more data about ARG stock on TipRanks’ Stock Analysis page.
