Australian Foundation Investment Company Limited (ASX:AFI) Announces Dividend Increase – $0.12 Per Share

Australian Foundation Investment Company Limited (ASX:AFI) announced a interim dividend on Thursday, January 23rd,MarketIndexAU Dividends reports. Shareholders of record on Monday, February 24th will be given a dividend of 0.12 per share on Monday, February 24th. This represents a dividend yield of 1.58%. The ex-dividend date is Sunday, February 2nd. This is a boost from Australian Foundation Investment’s previous interim dividend of $0.12.

Australian Foundation Investment Stock Performance

The company has a current ratio of 4.17, a quick ratio of 1.73 and a debt-to-equity ratio of 0.12.

Australian Foundation Investment Company Profile

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.