Dividends

Latest dividend

2024 interim dividend16.5 cents per share, fully franked
Ex-dividend date16 February 2024
Dividend record date19 February 2024
Last election date for DRP & DSSP participation20 February 2024
Payment date8 March 2024

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. 

Annual dividends paid (cents per share)

So far this financial year, only the interim dividend has been declared.

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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 issued under the DRP do not incur brokerage or other transaction costs. Shares issued under the DRP do not incur brokerage or other transaction costs. 

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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.

Dividend Substitution Share Plan

Argo’s Dividend Substitution Share Plan (DSSP) is an optional method by which eligible shareholders may receive additional Argo shares as an alternative to receiving dividends. Shares issued under the DSSP do not incur brokerage or other transaction costs. 

Where a shareholder forgoes a dividend which would otherwise be franked, the shareholder will not be entitled to a ‘franking credit’ as the shareholder has not received a franked dividend. Specific taxation advice should be obtained by participants. 

Participation

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

If you wish to participate in the DSSP please contact Argo’s office directly by email or phone:

Email: invest@argoinvestments.com.au

Telephone: +61 8 8210 9500

More information

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

The Australian Taxation Office’s Class Ruling for Argo’s DSSP is available 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.