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Argo Global Listed Infrastructure Ltd. ( (AU:ALI) ) has issued an update.
Argo Global Listed Infrastructure Ltd. has announced a record high interim dividend of 4.0 cents per share, maintaining its streak of fully franked dividends. The company reported a strong half-year accounting profit of $49.5 million, significantly improving from a previous loss, and showcased an impressive total return of 16.6% for its portfolio, outperforming the Australian share market and its benchmark index. The strong performance was mainly driven by the Midstream Energy stocks, which benefitted from increased investor enthusiasm. The company remains well-positioned with a balanced and defensive portfolio managed by Cohen & Steers, aiming to capitalize on investment opportunities amidst global economic stabilization and geopolitical uncertainties.
More about Argo Global Listed Infrastructure Ltd.
Argo Global Listed Infrastructure Ltd. operates in the global infrastructure sector, focusing on investing in a diversified portfolio of infrastructure stocks. The company aims to deliver total returns for long-term investors through a combination of capital and dividend growth.
Average Trading Volume: 2
Technical Sentiment Consensus Rating: Sell
For detailed information about ALI stock, go to TipRanks’ Stock Analysis page.
