ASX:ARGCapital Markets
Argo Investments (ASX:ARG) Shares Face Dividend Pressure Despite Flat Earnings
Argo Investments heads into the new trading day with its shares at A$9.44 and a solid three month gain behind it. That short term climb sits against a more sobering headline from this result. The dividend yield sits at 4.08% while the dividend is not well covered by either earnings or free cash flow.
For an investment company that many investors treat as a long term core holding, that payout strain is the key issue. The high net profit margin and mixed valuation signals now have to be weighed...

