Investment company Argo
(ASX:ARG) has raised their interim dividend after a strong half-year profit result.
They saw a 42.2 per cent increase in half year profit to 157.2 million.
This was significantly influenced by a one-off, non-cash income item of $36.1 million, due to the demerger of Coles
(ASX:COL) Group from Wesfarmers
(ASX:WES)Argo’s revenue was also boosted by higher dividends from BHP
(ASX:BHP), Rio Tinto
(ASX:RIO), CSL
(ASX:CSL), Macquarie Group
(ASX:MGQ) and Ramsay Healthcare
(ASX:RHC)Their interim dividend has been raised to 16 cents per share fully franked.
Shares in Argo Investments
(ASX:ARG) are trading 0.51 per cent higher to $7.88
