The Directors have declared:
|2019 Interim dividend||16.0 cents per share (fully franked)|
Election date (for determining DRP participation)
|15 February 2019|
18 February 2019
19 February 2019
8 March 2019
Argo has paid dividends in every year since it was established in 1946.
Dividends are paid out of the Company's profit from its investment operations.
Franking credits on dividends received by Argo are passed on to Argo shareholders through dividends that are fully or substantially franked, depending on tax credits available to the Company. The franked portion of Argo’s dividends provide tax benefits for Australian shareholders. Franked dividends also benefit overseas shareholders, since withholding tax is not deducted from such dividends. Since 1995, Argo's dividends have all been fully franked.
From 1 July, 2001, the taxation legislation was amended so that certain Australian resident Argo shareholders could receive capital gains tax relief for fully franked dividends sourced from eligible capital gains.
Shareholders with registered addresses in Australia or New Zealand may elect to have their dividends automatically reinvested in Argo shares, often at a discount to the market price, by participating in the Dividend Reinvestment Plan (DRP).
A list of the dividends paid by Argo since 1986 follows:
View, download or print the dividend history list
- Dividends Since 1986pdf 201 KB
What is the LIC capital gain tax deduction?
Most investors are aware that if they make a capital gain on an asset they have owned for more than a year, the profit is discounted by 50% (for individuals) in order to calculate the capital gains tax payable. When Argo makes a discounted capital gain in its portfolio, it can pass through the capital gains tax discount to its shareholders as though the shareholder held the stock themselves.