An announcement from Australian Foundation Investment Co. Ltd. ( (AU:AFI) ) is now available.
Australian Foundation Investment Company Limited (AFI) has announced an update regarding its ongoing share buy-back program. As of March 11, 2025, the company has repurchased a total of 5,558,955 shares, with an additional 162,658 shares bought back on the previous day. This buy-back initiative is part of AFI’s strategy to enhance shareholder value by reducing the number of outstanding shares, which can potentially increase earnings per share and provide a more favorable return on equity for its investors.
More about Australian Foundation Investment Co. Ltd.
Australian Foundation Investment Company Limited (AFI) operates in the investment industry, focusing on managing a diversified portfolio of Australian equities. The company primarily invests in a wide range of sectors to provide shareholders with attractive investment returns through capital growth and dividends.
Technical Sentiment Consensus Rating: Buy
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