Argo Investments Limited
ARG.AX
Australian Securities Exchange9.09
AUD
-0.01
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Argo Investments Limited
ARG.AX
(Australian Securities Exchange)
Recent
price
9.09
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Argo Investments Limited Argo Investments Limited (ASX:ARG) is an Australian listed investment company that provides shareholders with low-cost, conservative and diversified exposure to approximately 90 ASX-listed companies across a broad range of industries including financials, materials, healthcare, consumer staples, industrials, energy and real estate; its portfolio emphasizes established businesses with reliable cash flows, sustainable dividends and substantial overseas operations, generating revenue primarily from dividends and distributions passed through to investors as fully franked dividends alongside capital growth. Founded in 1946 in Adelaide by chartered accountant Alf Adamson and lawyer Kevin Ward QC with initial capital of £10,000, the company is headquartered in Adelaide, South Australia, with a Sydney office opened in 1992 following the acquisition of Stoddarts Holdings Limited; it listed on the Adelaide Stock Exchange in 1948, has grown assets under management to approximately $7 billion serving over 90,000 shareholders globally through a debt-free balance sheet, internal management structure yielding a low 0.15% management expense ratio, and a long-term investment philosophy proven resilient across economic cycles. Argo operates solely in Australia with a focus on domestic equities and short-term interest-bearing securities, maintaining no debt, no external manager fees and a dividend reinvestment plan introduced in 1999; it pays fully franked dividends annually since 1995 under Australia's imputation system, with recent payouts including a fully franked interim dividend of 17 cents per share in February 2025 and a final dividend contributing to 35 cents per share over the past year. Recent developments include reporting a full-year profit of $259.8 million, declaration of a final fully franked dividend of 20 cents per share, net tangible assets per share of $10.05 as of May 2025, and continued portfolio diversification without major acquisitions, partnerships or strategic shifts in the last 1-2 years, underscoring its stable, straightforward business model.