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Australian Foundation Investment Co. Ltd. ( (AU:AFI) ) just unveiled an announcement.
Australian Foundation Investment Company Limited announced an update on its ongoing share buy-back program, revealing that it bought back 69,386 ordinary fully paid securities on the previous day, adding to a total of 9,582,231 securities repurchased so far. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value by reducing the number of shares outstanding.
More about Australian Foundation Investment Co. Ltd.
Australian Foundation Investment Company Limited operates in the investment industry, focusing on providing investors with diversified exposure to Australian equities. The company primarily invests in a wide range of Australian companies, aiming to deliver capital growth and consistent income to its shareholders.
YTD Price Performance: 1.20%
Average Trading Volume: 516,330
Technical Sentiment Signal: Buy
For an in-depth examination of AFI stock, go to TipRanks’ Overview page.