Argo Investments Limited (ASX:ARG) Raises Dividend to $0.17 Per Share

Argo Investments Limited (ASX:ARG) declared a interim dividend on Tuesday, February 4th,MarketIndexAU Dividends reports. Stockholders of record on Thursday, March 13th will be paid a dividend of 0.17 per share on Thursday, March 13th. This represents a dividend yield of 1.88%. The ex-dividend date of this dividend is Thursday, February 6th. This is an increase from Argo Investments’s previous interim dividend of $0.17.

Argo Investments Price Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 4.12 and a quick ratio of 4.34.

Insiders Place Their Bets

In other news, insider Melissa Holzberger bought 5,572 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average cost of A$8.99 ($5.58) per share, for a total transaction of A$50,092.28 ($31,113.22). Insiders own 3.87% of the company’s stock.

Argo Investments Company Profile

Argo Investments Limited is a publicly owned investment manager. The firm manages separate client focused equity portfolios for its clients. It invests in public equity markets of Australia. The firm employs a qualitative analysis with bottom-up stock picking approach to create its portfolio. It conducts in-house analysis to make its investments.