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Argo Global Listed Infrastructure Ltd. ( (AU:ALI) ) has provided an announcement.
Argo Global Listed Infrastructure Ltd. announced a fully franked interim dividend of 4.0 cents per share, with the company’s global portfolio significantly outperforming Australian equities, generating $6.5 million in dividend income. The portfolio’s strong performance, particularly in the Midstream Energy subsector, resulted in a total return of +16.6% for the half-year, more than double the Australian share market’s return, highlighting the company’s effective diversification strategy and its benefits for investors.
More about Argo Global Listed Infrastructure Ltd.
Argo Global Listed Infrastructure Ltd. operates in the infrastructure investment industry, focusing on a global portfolio of infrastructure stocks. The company aims to provide shareholders with capital growth and dividend income, leveraging the essential nature of infrastructure and consistent demand, with many businesses having fixed or inflation-linked pricing mechanisms.
YTD Price Performance: -3.08%
Average Trading Volume: 2
Technical Sentiment Signal: Hold
For a thorough assessment of ALI stock, go to TipRanks’ Stock Analysis page.