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Argo Investments Limited ( (AU:ARG) ) has provided an update.
Argo Investments Limited reported a slight decline in income from operating activities and profit for the half-year ending December 31, 2024, compared to the previous year. Despite this, the company has announced an increase in its interim fully franked dividend to 17 cents, demonstrating its commitment to providing value to shareholders. The Dividend Reinvestment Plan and Dividend Substitution Share Plan will continue to operate, with shares being purchased on-market to neutralize the plans. Additionally, the company’s net tangible asset backing per share has increased, indicating a positive long-term outlook.
More about Argo Investments Limited
Argo Investments Limited is an investment company focused on long-term investments in Australian equities, providing shareholders with capital growth and dividend income. It operates within the financial services industry, emphasizing stable and sustainable returns through diversified investment strategies.
YTD Price Performance: 0.90%
Technical Sentiment Consensus Rating: Buy
Find detailed analytics on ARG stock on TipRanks’ Stock Analysis page.
