Argo Investments reports $260.2M annual profit
Full story: https://grafa.com/en/news/australia/argo-investments-reports-260-2m-annual-profit
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Argo Investments delivered a full-year profit of $260.2 million and declared a record fully franked dividend of 38.5 cents per share.
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The announcement highlights an 8.7% net tangible asset return after costs, outperforming the benchmark index return of 6.1%.
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The board plans to shift to quarterly dividend payments starting in January 2027 to provide regular income for shareholders.
Argo Investments (ASX:ARG) increased its full-year profit to $260.2 million amid volatile macroeconomic conditions.
The performance builds on the previous year's $259.8 million profit and outperformed the benchmark index return of 6.1%.
"The board intends to declare four quarterly dividends of 10 cents per share, fully franked," said Argo Investments Managing Director Jason Beddow.
The final payout includes a listed investment company capital gain component of 5 cents per share.
Following the announcement, the Argo Investments share price was unchanged at $9.21.
Founded in 1946, the company operates as one of Australia's largest listed investment companies.
The business manages a diversified portfolio focused on long-term capital growth and sustainable fully franked dividend distributions.
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