Argo Investments reports $260.2M annual profit

• Argo Investments delivered a full-year profit of $260.2 million and declared a record fully franked dividend of 38.5 cents per share.
• The announcement highlights an 8.7% net tangible asset return after costs, outperforming the benchmark index return of 6.1%.
• The board plans to shift to quarterly dividend payments starting in January 2027 to provide regular income for shareholders.

Argo Investments (ASX:ARG) increased its full-year profit to $260.2 million amid volatile macroeconomic conditions.

The performance builds on the previous year's $259.8 million profit and outperformed the benchmark index return of 6.1%.

"The board intends to declare four quarterly dividends of 10 cents per share, fully franked," said Argo Investments Managing Director Jason Beddow.

The final payout includes a listed investment company capital gain component of 5 cents per share.

Following the announcement, the Argo Investments share price was unchanged at $9.21.

Founded in 1946, the company operates as one of Australia's largest listed investment companies.

The business manages a diversified portfolio focused on long-term capital growth and sustainable fully franked dividend distributions.