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The latest update is out from Argo Investments Limited ( (AU:ARG) ).
Argo Investments Limited announced a record fully franked final dividend of 20.0 cents per share, marking an 11.1% increase from the previous year. The company’s full-year profit rose to $259.8 million, supported by higher-than-expected dividends from its investment portfolio. Argo’s strategic focus on growing fully franked dividends and distributing accumulated franking credits reflects its commitment to shareholder value. The company’s investment performance, with a return of 13.3%, slightly lagged behind the S&P/ASX 200 Accumulation Index but demonstrated resilience and strategic portfolio management during a period of global volatility.
More about Argo Investments Limited
Argo Investments Limited is one of Australia’s oldest and largest listed investment companies, focusing on a diversified portfolio of investments across various sectors. The company is committed to providing sustainable, fully franked dividends to its shareholders.
YTD Price Performance: 5.43%
Average Trading Volume: 344,669
Technical Sentiment Signal: Buy
For a thorough assessment of ARG stock, go to TipRanks’ Stock Analysis page.