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An announcement from Argo Global Listed Infrastructure Ltd. ( (AU:ALI) ) is now available.
Global listed infrastructure markets rallied in February, gaining 6.5% in Australian dollar terms and significantly outperforming broader global equities, as investors rotated toward hard, income-generating assets amid strong earnings across the sector. Against this backdrop, Argo Global Listed Infrastructure’s portfolio rose 7.0%, supported by standout performance from U.S. midstream energy firm Targa Resources, and the company reported a half-year profit of $13.9 million, lifted its net tangible asset backing per share to $2.75, and declared a record fully franked interim dividend of 4.5 cents per share, underscoring its consistent income track record and relative outperformance of its benchmark over multiple time periods.
The company’s net tangible asset per share after unrealised tax provisions increased to $2.65 from $2.57 in January, reflecting portfolio gains and prudent tax provisioning on unrealised positions. With total assets of $508 million, 8,500 shareholders, and a historical dividend yield of 5.8% including franking over the past 12 months, Argo Global Listed Infrastructure continues to position itself as a vehicle for global diversification and access to infrastructure opportunities through a single ASX trade, reinforcing its appeal to investors seeking stable income and downside protection compared with broader equity markets.
The most recent analyst rating on (AU:ALI) stock is a Buy with a A$2.50 price target. To see the full list of analyst forecasts on Argo Global Listed Infrastructure Ltd. stock, see the AU:ALI Stock Forecast page.
More about Argo Global Listed Infrastructure Ltd.
Argo Global Listed Infrastructure Ltd. is an Australian-listed investment company providing exposure to a diversified portfolio of global listed infrastructure stocks across both developed and emerging markets. The portfolio is actively managed by specialist real assets manager Cohen & Steers, offering investors simple ASX-traded access to large, often U.S.-listed infrastructure operators with global earnings, and targeting enhanced risk-adjusted returns with lower volatility than broader equities.
Average Trading Volume: 83,234
Technical Sentiment Signal: Strong Buy
Learn more about ALI stock on TipRanks’ Stock Analysis page.