Julie Fahey Purchases 4,119 Shares of Australian Foundation Investment Company Limited (ASX:AFI) Stock

Australian Foundation Investment Company Limited (ASX:AFI) insider Julie Fahey bought 4,119 shares of Australian Foundation Investment stock in a transaction that occurred on Monday, April 15th. The shares were acquired at an average price of A$7.29 ($4.70) per share, with a total value of A$30,027.51 ($19,372.59).

Australian Foundation Investment Price Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.73 and a current ratio of 7.50.

Australian Foundation Investment Increases Dividend

The company also recently disclosed a Interim dividend, which was paid on Sunday, February 25th. Investors of record on Sunday, February 25th were paid a $0.115 dividend. This is a positive change from Australian Foundation Investment’s previous Interim dividend of $0.11. The ex-dividend date was Thursday, February 1st. This represents a yield of 1.54%. Australian Foundation Investment’s dividend payout ratio (DPR) is currently 95.83%.

About Australian Foundation Investment

Australian Foundation Investment Company Limited is a publicly owned investment manager. The firm invests in the public equity markets of Australia and New Zealand. It invests in value stocks of companies. It benchmarks the performance of its portfolio against S&P/ASX 200 Accumulation Index. It invests in companies across diversified industries.