Australian Foundation Investment Company Limited (ASX:AFI) Raises Dividend to $0.11 Per Share

Australian Foundation Investment Company Limited (ASX:AFI – Get Rating) announced a interim dividend on Tuesday, January 24th, MarketIndexAU reports. Shareholders of record on Thursday, February 23rd will be given a dividend of 0.11 per share on Thursday, February 23rd. This represents a yield of 1.44%. The ex-dividend date of this dividend is Wednesday, February 1st. This is a positive change from Australian Foundation Investment’s previous interim dividend of $0.10.

Australian Foundation Investment Stock Performance

The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.14.

About Australian Foundation Investment

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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.