An announcement from Australian Foundation Investment Co. Ltd. ( (AU:AFI) ) is now available.
Australian Foundation Investment Company Limited has announced an update regarding its ongoing on-market buy-back program. As of the latest update, the company has repurchased a total of 6,956,737 ordinary fully paid securities, with an additional 272,919 securities bought back on the previous day. This buy-back initiative reflects the company’s strategy to enhance shareholder value and optimize its capital structure.
More about Australian Foundation Investment Co. Ltd.
Australian Foundation Investment Company Limited operates in the investment industry, focusing on managing a diversified portfolio of Australian equities. The company aims to provide shareholders with attractive investment returns through a combination of capital growth and dividends.
Technical Sentiment Consensus Rating: Buy
See more data about AFI stock on TipRanks’ Stock Analysis page.