Australian Foundation Investment Co. Ltd. (AU:AFI) has released an update.
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Australian Foundation Investment Co. Ltd. (AFIC) reported a monthly net tangible asset backing per share of $8.20 before tax and $6.80 after tax as of August 2024, marking a slight decrease from the previous month. The company maintains a long-term investment strategy with a diversified portfolio primarily in ASX-listed equities, highlighting its performance against the S&P/ASX 200 Accumulation Index. AFIC emphasizes its low management costs, tax-effective income through fully franked dividends, and a consistent record of long-term after-tax returns.
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