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The latest announcement is out from Australian Foundation Investment Co. Ltd. ( (AU:AFI) ).
Australian Foundation Investment Company Limited has announced an update on its ongoing share buy-back program, revealing that a total of 370,489 ordinary fully paid securities were repurchased on the previous day, adding to the cumulative total of 11,477,015 securities bought back. This buy-back initiative is part of the company’s strategy to enhance shareholder value by reducing the number of outstanding shares, potentially increasing earnings per share and supporting the stock price.
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 capital growth and steadily increasing dividends.
YTD Price Performance: 4.15%
Average Trading Volume: 506,726
Technical Sentiment Signal: Strong Buy
For an in-depth examination of AFI stock, go to TipRanks’ Overview page.