AFOVF Stock Price, Chart, Stats & News
Australian Foundation Investment Company Limited (AFOVF) is a dividend-paying stock with a current dividend yield of 7.09% as of Mar 6, 2023. It pays $0.3546 per share over the trailing twelve months. Its dividend has grown at a 14.87% 5-year compound annual rate.
Dividend safety
AFOVF pays out about 210% of earnings, leaving little safety margin.
AFOVF chart
About
Australian Foundation Investment Company Limited (AFIC) operates as a publicly traded asset management firm. Its primary focus involves allocating capital within the public stock markets of both Australia and New Zealand, specifically targeting businesses identified as undervalued. The company's investment strategy encompasses a broad spectrum of industries, and it meticulously gauges its portfolio's returns against the S&P/ASX 200 Accumulation Index.
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