Australian Foundation Investment Company Limited (ASX:AFI) Declares Dividend Increase – $0.15 Per Share

Australian Foundation Investment Company Limited (ASX:AFI) announced a final dividend on Thursday, August 1st, MarketIndexAU reports. Stockholders of record on Thursday, August 29th will be paid a dividend of 0.145 per share on Thursday, August 29th. This represents a dividend yield of 1.94%. The ex-dividend date of this dividend is Tuesday, August 13th. This is a positive change from Australian Foundation Investment’s previous final dividend of $0.14.

Australian Foundation Investment Stock Performance

The company has a current ratio of 7.50, a quick ratio of 1.73 and a debt-to-equity ratio of 0.12.

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.