Australian Foundation Investment (ASX:AFI) Insider David Peever Buys 8,000 Shares

Australian Foundation Investment Company Limited (ASX:AFI) insider David Peever purchased 8,000 shares of the stock in a transaction on Friday, January 23rd. The shares were acquired at an average price of A$7.15 per share, for a total transaction of A$57,200.00.

Australian Foundation Investment Price Performance

The stock has a market cap of $9.26 billion, a P/E ratio of 31.19 and a beta of 0.57. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.07 and a quick ratio of 1.73.

Australian Foundation Investment Dividend Announcement

The business also recently declared a Interim dividend, which will be paid on Wednesday, February 25th. Investors of record on Wednesday, February 25th will be paid a $0.145 dividend. The ex-dividend date of this dividend is Sunday, February 1st. This represents a yield of 203.0%. Australian Foundation Investment’s dividend payout ratio (DPR) is currently 108.33%.

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. The firm employs fundamental analysis with a focus on bottom-up research to make its investments. The firm conducts in-house research to make its investments.