Dividends

Our dividend track record

We appreciate that sustainable and tax effective dividend income is important to our shareholders. Argo is proud to have paid dividends every year since Argo was founded in 1946. Furthermore, every dividend has been franked since the introduction of Australia’s dividend imputation system in 1987. 
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Latest dividend

2021 final dividend14.0 cents per share fully franked
DRP discount*2.0%
Ex-dividend date27 August 2021
Record date30 August 2021
Election date (for determining DRP participation)31 August 2021
Payment date17 September 2021
*Shares issued under the DRP will be priced at a 2% discount to the volume-weighted average price of Argo shares traded on the record date and the three trading days immediately following the record date.

Dividend Reinvestment Plan

Argo’s Dividend Reinvestment Plan (DRP) allows shareholders to automatically reinvest their dividends into additional Argo shares, instead of receiving cash dividends. Shares acquired through the DRP are usually at a discount to the market price and do not incur any brokerage fees.  
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Participation

Shareholders can choose to participate in the DRP with respect of all or part of their Argo shareholding, and can vary their level of participation or withdraw from the DRP at any time.

To participate in the DRP, or amend DRP participation, shareholders can update their own instructions online via the share registry’s online portal InvestorServe or contact the share registry.

More information

For more information, see the DRP Information Memorandum and Terms and Conditions here.

Historical dividends

For details of dividends paid by Argo since 1986, including payment dates and franking amounts, click here

LIC capital gains tax deduction

In addition to the benefit of franking credits, dividends may include a listed investment company (LIC) capital gain component which allows a tax deduction for most shareholders.

More information

For more information, including how to claim the tax deduction, see our LIC capital gain tax deduction fact sheet here.