About Argo Group International Holdings, Ltd. (ARGO) — Dividend Analysis 2026
Argo Group International Holdings, Ltd. underwrites specialty insurance and reinsurance products in the property and casualty markets. The company operates in two segments, U.S. Operations and International Operations. It offers primary and excess specialty casualty, general liability, commercial multi-peril, and workers compensation, as well as product, environmental, and auto liability insurance products; management liability, transaction liability, and errors and omissions liability insurance; primary and excess property, inland marine, and auto physical damage insurance; and surety, animal mortality, and ocean marine insurance products. The company also provides directors and officers liability, errors and omissions liability, and employment practices liability insurance; international casualty and motor treaties insurance; professional indemnity and medical malpractice insurance; direct and facultative excess insurance, North American and international binders, and residential collateral protection for lending institutions; and personal accident, aviation, cargo, yachts, and onshore and offshore marine insurance products. It markets its products through wholesale and retail agents, managing general agents, brokers, and third-party intermediaries. The company was founded in 1948 and is headquartered in Pembroke, Bermuda.
Is ARGO a good dividend investment in 2026?
ARGO offers a 2.49% forward yield with a 50% payout ratio. Strand Safety Score: 15/100 (Critical Risk). The 5-year dividend CAGR of -50% is modest — investors should weigh current income against growth alternatives.
ARGO DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your ARGO portfolio grows to $219.33 vs $454.26 without reinvestment. This is the compound interest effect in action.
ARGO dividend growth history & forecast
ARGO has grown its dividend by 0% over the last year and -50% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 2.49%.
FCF ($6M) is below dividends paid ($26M) — risk of cut (FCF: $6M · Dividends est.: $26M)
Debt Leverage
0 / 30 pts
0/30
Company not generating EBITDA — debt servicing risk is elevated
Earnings Momentum-0.2B → -0.2B → -0.2B
15 / 30 pts
15/30
Net income grew in the latest year — positive but trend is unconfirmed
OVERALL ASSESSMENT
High risk of dividend cut — weak fundamentals across multiple factors.
STRAND SCORE
15
/100
Strand Safety Score™ is proprietary to DividendFlow. Inputs: FCF, Debt/EBITDA, Net Income from SEC filings via FMP. Not financial advice. N/A for ETFs, pre-revenue companies, and tickers without income statements.
🌍 ARGO Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold ARGO.
Gross yield
2.49%
Tax rate
15.00%
After-tax yield
2.12%
Real yield (−CPI)
-0.68%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
2.49%
-0.31%
$249 / yr
🇺🇸 US Taxable (15%) ✓
15%
2.12%
-0.68%
$212 / yr
🇺🇸 US Taxable (20%)
20%
1.99%
-0.81%
$199 / yr
🇬🇧 UK ISA
0%
2.49%
-0.31%
$249 / yr
🇬🇧 UK Taxable
8.75%
2.27%
-0.53%
$227 / yr
🇨🇦 TFSA
0%
2.49%
-0.31%
$249 / yr
🇨🇦 CA Taxable
25%
1.87%
-0.93%
$187 / yr
🇦🇺 Super (pension)
15%
2.12%
-0.68%
$212 / yr
🇦🇺 AU Taxable
30%
1.74%
-1.06%
$174 / yr
🇩🇪 DE Taxable
26.375%
1.83%
-0.97%
$183 / yr
🇫🇷 FR Taxable
30%
1.74%
-1.06%
$174 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 ARGO Income Goal & Break-Even
Dividend Break-Even
50yr+
Years for dividends to fully repay your ARGO investment of $29.99/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$214.29
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$-2258.01
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in ARGO for:
Shares needed
37,773
Capital required
$1,132,812
Monthly income
$2,000
Based on current dividend of $0.75/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 ARGO Dividend Payment Schedule
ARGO pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$1.59 / payment
$6.35 / year after tax
100 shares
$15.88 / payment
$63.54 / year after tax
1,000 shares
$158.84 / payment
$635.38 / year after tax
📊 ARGO vs Financial Services Benchmarks
How ARGO compares to typical Financial Services averages.
Benchmark: Financial Services
Dividend Yield▼-0.41% vs sectorBelow avg
ARGO
2.49%
avg
2.90%
5Y Dividend CAGR▼-57.10% vs sectorBelow avg
ARGO
-50.00%
avg
7.10%
Payout Ratio▼+12.00% vs sectorBelow avg
ARGO
50.00%
avg
38.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for ARGO sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ ARGO Insider Activity
When executives buy their own stock, it's a signal they believe in the dividend's sustainability.
Insider
Title
Type
Date
Shares
Price
Total Value
BAILEY BERNARD C
director
D-Return
2023-11-16
9,161
$30.00
$274.8K
Ramji Al Noor
director
D-Return
2023-11-16
10,187
$30.00
$305.6K
McFate Carol A.
director
D-Return
2023-11-16
9,079
$30.00
$272.4K
Lehane Dymphna
director
D-Return
2023-11-16
10,563.275
$30.00
$316.9K
LISS SAMUEL G
director
D-Return
2023-11-16
15,358
$30.00
$460.7K
Kiene Allison
officer: General Counsel & Secretary
D-Return
2023-11-16
10,039
$30.00
$301.2K
COMPARATO SUSAN
officer: Chief Administrative Officer
D-Return
2023-11-16
11,703
$30.00
$351.1K
Kirk Scott
officer: Chief Financial Officer
D-Return
2023-11-16
27,603
$30.00
$828.1K
Snyder Jessica E.
officer: CEO, Former President, US Ins
D-Return
2023-11-16
18,820
$30.00
$564.6K
BRADLEY THOMAS A
director, officer: Chief Executive Officer
D-Return
2023-11-16
68,740
$30.00
$2.06M
Insider transactions sourced from SEC Form 4 filings via Financial Modeling Prep. See disclaimer.
🎯
Analyst Price Target
Wall Street consensus
Current Price
$29.99
Analyst Target
$45.25
Upside / Downside
+50.9%
Range
$45.00 – $45.50
💡 If ARGO reaches the analyst target of $45.25, investors buying today at $29.99 would see an effective yield of 1.65% on shares purchased at target price — vs 2.49% at current price.
Analyst consensus price target via FMP. Not a guarantee of future performance. Past analyst accuracy varies.
🔬
Financial Health Scores
Altman Z-Score
0.30
🔴 Distress Zone — elevated dividend cut risk
Safe: >3.0 · Grey: 1.81–3.0 · Distress: <1.81
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the ARGO dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →