Why Australian Finance Group Limited (ASX:AFG) Could Have A Place In Your Portfolio

Australian Finance Group Limited (ASX:AFG) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at various aspects. In the case of AFG, it is a highly-regarded dividend payer with a a strong history of delivering benchmark-beating performance. Below is a brief commentary on these key aspects. If you’re interested in understanding beyond my high-level commentary, read the full report on Australian Finance Group here.

Proven track record average dividend payer

AFG delivered a satisfying double-digit returns of 36% in the most recent year Not surprisingly, AFG outperformed its industry which returned 6.8%, giving us more conviction of the company’s capacity to drive bottom-line growth going forward.

ASX:AFG Income Statement Export October 11th 18
ASX:AFG Income Statement Export October 11th 18

AFG’s high dividend payments make it one of the best dividend stocks on the market, and it has also been able to maintain it at a level in which net income is able to cover dividend payments.

ASX:AFG Historical Dividend Yield October 11th 18
ASX:AFG Historical Dividend Yield October 11th 18

Next Steps:

For Australian Finance Group, there are three important aspects you should further examine:

  1. Future Outlook: What are well-informed industry analysts predicting for AFG’s future growth? Take a look at our free research report of analyst consensus for AFG’s outlook.
  2. Financial Health: Are AFG’s operations financially sustainable? Balance sheets can be hard to analyze, which is why we’ve done it for you. Check out our financial health checks here.
  3. Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of AFG? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!

To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.