ASX:AFICapital Markets
Assessing Australian Foundation Investment’s Valuation After Half Year Profit Decline And New Buyback Program
Why AFIC’s latest earnings, dividend and buyback matter for investors
Australian Foundation Investment (ASX:AFI) has just reported its half year result with profit softer than a year earlier, while at the same time confirming a fully franked interim dividend and a special payout to shareholders.
The Board has also approved a buyback that covers up to 8.93% of issued capital. This gives investors several moving parts to weigh up around income, capital management and AFIC’s long term investment...