Australia's Argo Investments rises to over 10-month high on upbeat results, dividend plan
05/08/2026 04:42
BUZZ-Australia's Argo Investments rises to over 10-month high on upbeat results, dividend plan ** Shares of Australia's Argo Investments ARG.AX rise as much as 1.7% to A$9.370, their highest level since mid-September 2025
** Shares mark their biggest intraday pct gain since August 4
** The investment manager posts preliminary FY26 income from operating activities of A$296.3 million ($208.86 million), up 2.2% from about A$290 million last year
** Company also intends to pay out 40 Australian cents per share dividends total for FY27, a record high
** Adds that dividends will be paid on a quarterly basis
** YTD, stock up 2.4%, including session's moves
($1 = 1.4186 Australian dollars)
(Reporting by Subhalakshmi Dey in Bengaluru)
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