Australian Foundation Investment Co. Ltd. ( (AU:AFI) ) just unveiled an announcement.
Australian Foundation Investment Company Limited announced an update on its ongoing on-market buy-back program, reporting a total of 5,095,097 securities bought back before the previous day and an additional 61,867 securities on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and enhance shareholder value by reducing the number of outstanding shares, potentially increasing earnings per share.
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 sectors to provide shareholders with long-term capital growth and dividend income.
Technical Sentiment Consensus Rating: Buy
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