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Argo Investments Limited ( (AU:ARG) ) has issued an announcement.
Argo Investments Limited reported a half-year profit of $121.2 million and declared a record high fully franked interim dividend of 17.0 cents per share. The company’s portfolio revenue increased due to higher-than-expected dividends, but was offset by lower income from other activities. The company outperformed the S&P/ASX 200 Accumulation Index for the year, although it slightly trailed in the last six months. Argo remains optimistic about the domestic economy despite market volatility following Donald Trump’s election and is poised to take advantage of short-term opportunities with its diversified portfolio, including US dollar revenue-generating stocks.
More about Argo Investments Limited
Argo Investments Limited is one of Australia’s oldest and largest listed investment companies, focusing on generating returns for its shareholders through a diversified investment portfolio. The company primarily invests in dividend-producing equities and aims to outperform market benchmarks.
YTD Price Performance: 0.90%
Technical Sentiment Consensus Rating: Buy
For an in-depth examination of ARG stock, go to TipRanks’ Stock Analysis page.
