Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Australian Foundation Investment Co. Ltd. ( (AU:AFI) ) has provided an update.
Australian Foundation Investment Company Limited announced an update on its ongoing on-market buy-back program, reporting the buy-back of 69,670 ordinary fully paid securities on the previous day, bringing the total to 10,052,367 securities bought back. 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 outstanding shares.
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 primarily invests in a range of industries to provide shareholders with capital growth and consistent income through dividends.
Average Trading Volume: 505,237
Technical Sentiment Signal: Buy
See more data about AFI stock on TipRanks’ Stock Analysis page.