Australian Foundation Investment Company Limited (ASX:AFI) Declares Interim Dividend of $0.15

Australian Foundation Investment Company Limited (ASX:AFI) declared a interim dividend on Thursday, January 22nd, MarketIndexAU Dividends reports. Shareholders of record on Wednesday, February 25th will be given a dividend of 0.145 per share on Wednesday, February 25th. This represents a yield of 203.0%. The ex-dividend date is Sunday, February 1st.

Australian Foundation Investment Price Performance

The company has a current ratio of 4.07, a quick ratio of 1.73 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $9.26 billion, a price-to-earnings ratio of 31.19 and a beta of 0.57.

Insiders Place Their Bets

In other news, insider Richard Murray purchased 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 28th. The stock was purchased at an average cost of A$7.33 per share, with a total value of A$80,630.00. Also, insider Rebecca Dee-Bradbury acquired 6,080 shares of Australian Foundation Investment stock in a transaction that occurred on Friday, October 24th. The stock was purchased at an average cost of A$7.35 per share, for a total transaction of A$44,688.00. Insiders have acquired 17,480 shares of company stock worth $128,270 in the last quarter. Company insiders own 2.31% of the company’s stock.

About Australian Foundation Investment

Australian Foundation Investment Company Limited is a publicly owned investment manager. The firm invests in the public equity markets of Australia and New Zealand. It invests in value stocks of companies. It benchmarks the performance of its portfolio against S&P/ASX 200 Accumulation Index. It invests in companies across diversified industries. The firm employs fundamental analysis with a focus on bottom-up research to make its investments. The firm conducts in-house research to make its investments.