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Australian Foundation Investment Co. Ltd. ( (AU:AFI) ) has shared an announcement.
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 15,330,453 ordinary fully paid securities, with an additional 357,495 securities bought back on the previous day. This buy-back initiative is part of the company’s strategy to enhance shareholder value by reducing the number of shares outstanding, potentially increasing earnings per share and providing a more efficient 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 mix of capital growth and dividend income.
Average Trading Volume: 533,607
Technical Sentiment Signal: Strong Buy
See more data about AFI stock on TipRanks’ Stock Analysis page.