Argo Investments Limited (ASX:ARG – Get Free Report) insider Jason Beddow bought 18,651 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was acquired at an average cost of A$9.43 per share, for a total transaction of A$175,878.93.
Argo Investments Stock Performance
The company has a current ratio of 4.13, a quick ratio of 4.34 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $6.86 billion, a P/E ratio of 27.02 and a beta of 0.62.
Argo Investments Increases Dividend
The business also recently announced a Final dividend, which was paid on Thursday, September 11th. Investors of record on Thursday, September 11th were given a dividend of $0.20 per share. This is a boost from Argo Investments’s previous Final dividend of $0.18. The ex-dividend date was Thursday, August 7th. This represents a dividend yield of 212.0%. Argo Investments’s dividend payout ratio is 109.09%.
About Argo Investments
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.
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