Australian Foundation Investment Co. Ltd (ASX: AFI) Share Price and News

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Australian Foundation Investment Co. Ltd Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $9.91 billion
P/E Ratio N/A
Dividend Yield 2.93%
Shares Outstanding 1.23 billion
Earnings per share N/A
Dividend per share N/A
Year To Date Return 17.37%
Earnings Yield N/A
Franking 100%
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as at 24 Feb 3:44pm

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Australian Foundation Investment Co. Ltd (ASX: AFI)
Latest News

Dividend Payment History Data provided by Morningstar.

Data provided by Morningstar.
Ex-Date Amount Franking Type Payable
11 Aug 2021 $0.1400 100.00% Final 31 Aug 2021
08 Feb 2021 $0.1000 100.00% Interim 23 Feb 2021
11 Aug 2020 $0.1400 100.00% Final 01 Sep 2020
07 Feb 2020 $0.1000 100.00% Interim 24 Feb 2020
06 Aug 2019 $0.1400 100.00% Final 29 Aug 2019
08 Feb 2019 $0.0800 100.00% Special Cash 25 Feb 2019
08 Feb 2019 $0.1000 100.00% Interim 25 Feb 2019
08 Aug 2018 $0.1400 100.00% Final 31 Aug 2018
08 Feb 2018 $0.1000 100.00% Interim 23 Feb 2018
08 Aug 2017 $0.1400 100.00% Final 30 Aug 2017
07 Feb 2017 $0.1000 100.00% Interim 24 Feb 2017
09 Aug 2016 $0.1400 100.00% Final 30 Aug 2016
03 Feb 2016 $0.1000 100.00% Interim 19 Feb 2016
07 Aug 2015 $0.1400 100.00% Final 28 Aug 2015
05 Feb 2015 $0.0900 100.00% Interim 20 Feb 2015
08 Aug 2014 $0.1400 100.00% Final 29 Aug 2014
04 Feb 2014 $0.0800 100.00% Interim 21 Feb 2014
10 Feb 2009 $0.0800 100.00% Interim 02 Mar 2009

AFI ASX Announcements

An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.

DateAnnouncementPrice Sensitive?TimeNo. of PagesFile Size
YesNo

About Australian Foundation Investment Co. Ltd

Australian Foundation Investment Co. Ltd. (ASX: AFI) is a Melbourne-based listed investment company (LIC). Established in 1928, today AFIC has grown to become Australia’s largest LIC with around 130,000 shareholders. AFIC aims to provide its shareholders with a diversified portfolio capable of delivering consistent growth, fully franked dividends, and low volatility while minimising risk.

AFIC was listed on the ASX back in 1962. Like most ASX shares, the AFIC share price was hit hard by the COVID-driven selloff in February/March 2020. The AFIC share price has gone on to recover those losses and has since experienced strong growth.

AFI Share Price History Data provided by Morningstar.

Data provided by Morningstar.
Date Close Change % Change Volume Open High Low
19 Oct 2021 $8.08 $-0.10 -1.22% 609,426 $8.20 $8.24 $8.08
18 Oct 2021 $8.18 $-0.02 -0.24% 379,216 $8.21 $8.26 $8.18
15 Oct 2021 $8.20 $0.05 0.61% 521,106 $8.20 $8.24 $8.13
14 Oct 2021 $8.15 $0.05 0.62% 396,050 $8.12 $8.19 $8.12
13 Oct 2021 $8.10 $-0.15 -1.82% 557,876 $8.28 $8.28 $8.10
12 Oct 2021 $8.25 $-0.02 -0.24% 328,246 $8.27 $8.29 $8.25
11 Oct 2021 $8.27 $-0.03 -0.36% 348,106 $8.33 $8.38 $8.27
08 Oct 2021 $8.30 $-0.04 -0.48% 441,918 $8.40 $8.40 $8.30
07 Oct 2021 $8.34 $0.04 0.48% 303,023 $8.32 $8.37 $8.29
06 Oct 2021 $8.30 $0.04 0.48% 267,268 $8.29 $8.35 $8.29
05 Oct 2021 $8.26 $-0.09 -1.08% 391,725 $8.35 $8.35 $8.26
04 Oct 2021 $8.35 $-0.01 -0.12% 256,786 $8.40 $8.44 $8.35
01 Oct 2021 $8.36 $-0.05 -0.59% 400,960 $8.45 $8.46 $8.34
30 Sep 2021 $8.41 $0.07 0.84% 285,222 $8.38 $8.50 $8.38
29 Sep 2021 $8.34 $-0.02 -0.24% 387,793 $8.37 $8.43 $8.30
28 Sep 2021 $8.36 $-0.12 -1.42% 421,135 $8.49 $8.49 $8.36
27 Sep 2021 $8.48 $0.08 0.95% 339,283 $8.40 $8.48 $8.36
24 Sep 2021 $8.40 $-0.05 -0.59% 248,782 $8.47 $8.48 $8.34
23 Sep 2021 $8.45 $0.11 1.32% 280,397 $8.34 $8.50 $8.34
22 Sep 2021 $8.34 $0.04 0.48% 319,465 $8.30 $8.35 $8.27
21 Sep 2021 $8.30 $-0.09 -1.07% 605,127 $8.35 $8.35 $8.26

Director Transactions Data provided by Morningstar.

Data provided by Morningstar.
Date Director Type Amount Value Notes
31 Aug 2021 Catherine Walter Issued 113 $915
Dividend Reinvestment Plan (DRP).
31 Aug 2021 Catherine Walter Issued 6 $50,422
Dividend Reinvestment Plan (DRP).
31 Aug 2021 Craig Drummond Issued 222 $1,798
Dividend Reinvestment Plan (DRP).
31 Aug 2021 David Peever Issued 563 $4,560
Dividend Reinvestment Plan (DRP).
31 Aug 2021 Rebecca Dee-Bradbury Issued 249 $2,016
Dividend Reinvestment Plan (DRP).
31 Aug 2021 Robert Freeman Issued 2 $21,456
Dividend Reinvestment Plan (DRP). As per announcement on 03/09/2021
31 Aug 2021 Robert Freeman Issued 120 $972
Dividend Reinvestment Plan (DRP). As per announcement on 03/09/2021
12 May 2021 Robert Freeman Buy 465 $3,482
On-market trade.
23 Feb 2021 David Peever Issued 453 $3,216
Dividend Reinvestment Plan (DRP).
23 Feb 2021 Robert Freeman Issued 2 $15,754
Dividend Reinvestment Plan (DRP).
23 Feb 2021 Rebecca Dee-Bradbury Issued 200 $1,420
Dividend Reinvestment Plan (DRP).
23 Feb 2021 Catherine Walter Issued 91 $646
Dividend Reinvestment Plan (DRP).
23 Feb 2021 Catherine Walter Issued 5 $35,528
Dividend Reinvestment Plan (DRP).
02 Feb 2021 Peter Williams Sell 55 $415,250
As advised by the company. Removal of authority over acquisition and
disposal of shares.
02 Feb 2021 Peter Williams Transfer 18 $136,911
As advised by the company. Transfer of Shares to PJ Williams from a deceased estate through grant of probate.

Directors & Management Data provided by Morningstar.

Data provided by Morningstar.
Name Title Start Date Profile
Mr John Paterson Non-Executive DirectorNon-Executive Chairman Jun 2005
Mr Paterson was a former Alternate Director of the Company for Mr Campbell from April 1987 to June 2005. He is Chairman of Djerriwarrh Investments Limited. He was formerly a Director of Goldman Sachs JBWere and is a former member of the Board of Guardians of Australia's Future Fund. He is Chairman of the Investment Committee.
Mrs Catherine Mary Walter Non-Executive Director Apr 2002
Mrs Walter is Chair of Melbourne Genomics Health Alliance and the Financial Adviser Standards and Ethics Authority (FASEA). Mrs Walter is a Director of the RBA's Payments System Board and Chair of the Helen Macpherson Smith Trust. She was formerly Chair of Federation Square Pty Ltd and Australian Synchrotron Company Ltd, Deputy Chair of Victorian Funds Management Corporation and a Director of ASX, National Australia Bank Ltd, Orica Ltd and Melbourne Business School. She is Member of Investment Committee.
Mr Graeme Richard Liebelt Non-Executive Director Jun 2012
Mr Liebelt is Chairman of Amcor Limited, a Director of Australia and New Zealand Banking Group Limited, and a Director of Carey Baptist Grammar School. He was formerly Chairman and Director of DuluxGroup Limited, Chairman and Director of the Global Foundation, Deputy Chairman of Melbourne Business School and Managing Director and CEO of Orica Limited.
Mr Craig Drummond Non-Executive Director Jul 2021
Mr Drummond was Chief Executive Officer of Medibank Private Limited from 2016 to 2021. He has had over 30 years' experience in the financial sector - Group Executive Finance and Strategy at NAB from 2013 to 2016, Bank of America Merrill Lynch as Chief Executive Officer and Country Head from 2009 to 2013, Goldman Sachs JBWere (1986 to 2009), in various roles (including being investment analyst and subsequently Director of Research and Investment Strategy) culminating in being appointed Chief Executive Officer. He is also a Non-Executive Director of Transurban and is President of the Geelong Football Club. He is also a Governor of the Ian Potter Foundation.
Mr Peter John Williams Non-Executive Director Feb 2010
Mr Williams is Chairman of NAB Trustees Services Limited (NAB Subsidiary), Director of Cricket Victoria Ltd and ARUMA (formerly House with No Steps), an Advisory Board Member of TLC Aged Care Limited and Chairman of MIPS Advisory Committee for FIIG Securities Limited. Mr Williams was formerly Managing Director of Equity Trustees Limited, Director and Treasurer of Foundation for Young Australians, Chairman of Olympic Park Sports Medical Centre Pty Ltd, a Director of the Trustee Corporations Association of Australia, a Director of the Australian Baseball Federation Inc and a General Manager with AXA/National Mutual in Australia and Hong Kong. He is Member of Investment Committee.
Mr David Peever Non-Executive Director Nov 2013
Mr Peever was Managing Director of Rio Tinto Australia from 2009 to 2014. He is Chairman of Brisbane Airport Group Pty Ltd. He chaired the Minister of Defence's First Principles Review of Defence and following the acceptance of the review by Government was Chair of the Oversight Board which helped guide implementation (with Defence) of the Review's recommendations. Mr Peever is also a Non-Executive Chairman of Naval Group Australia. He is a former member of the Foreign Investment Review Board, former Chair of Cricket Australia, a former Director of the Stars Foundation and also a former Vice Chairman of the Minerals Council of Australia and was a Director of the Business Council of Australia. He is Member of the Investment Committee.
Ms Rebecca Patricia Dee-Bradbury Non-Executive Director May 2019
Ms Dee-Bradbury was previously Chief Executive Officer/President of Developed Markets (Asia Pacific and ANZ) for Mondelez from 2010 to 2014. Before joining Mondelez Ms Dee-Bradbury was Group CEO of the global Barbeques Galore group and has held other senior executive roles in organisations including Maxxium, Burger King Corporation and Lion Nathan/Pepsi Cola Bottlers. Ms Dee-Bradbury is a Non-Executive Director of BlueScope Steel Limited (appointed April 2014), a Director of Energy Australia Holdings following her appointment in April 2017, an inaugural member of the Business Advisory Board at Monash Business School and a member of Chief Executive Women and of the Women Corporate Directors Foundation. Ms Dee-Bradbury was formerly a Non-Executive Director of Grain Corp Limited (from 2014 to 2020) and Tower Limited (NZ) until her resignation in 2016 and a former member of the Federal Government's Asian Century Strategic Advisory Board. She is Member of Investment Committee.
Ms Julie Austa Fahey Non-Executive Director Apr 2021
Ms Fahey has over 30 years of experience in technology, including in major organisations such as Western Mining, Exxon, Roy Morgan, General Motors and SAP, covering consulting, software vendor and Chief Information Officer roles. In addition to her industry experience, Ms Fahey spent 10 years at KPMG as a partner with the firm, during which time she held roles as National Lead Partner Telecommunications, Media and Technology, and National Managing Partner - Markets. Ms Fahey was also a member of the KPMG National Executive Committee. Ms Fahey is a Non-Executive Director of Seek Limited, IRESS Limited, Vocus Group Limited, Datacom Group Limited, CenITex and a member of the Australian Red Cross Blood Service Board and the La Trobe University Council.
Mr Robert Mark Freeman Chief Executive OfficerManaging Director Jan 2018
Mr Freeman was a Partner with Goldman Sachs JBWere where he spent 12 years advising the investment companies on their investment and dealing activities. He has a knowledge and experience of investments markets and the Company's approaches, policies and processes. He is also Managing Director of Djerriwarrh Investments Limited, AMCIL Limited and Mirrabooka Investments Limited. He is Member of the Investment Committee.
Mr Andrew JB Porter Chief Financial OfficerCompany Secretary
-
Mr Matthew John Rowe Company Secretary Jul 2016
-
Andrew JB Porter Chief Financial OfficerCompany Secretary
-
Matthew John Rowe Company Secretary
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Geoffrey N Driver General Manager Business Development and Investor Relations
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Top Shareholders Data provided by Morningstar.

Data provided by Morningstar.
Name Shares Capital
HSBC Custody Nominees (Australia) Limited 22,109,680 1.81%
Citicorp Nominees Pty Limited 9,019,999 0.74%
Nulis Nominees (Australia) Limited <Navigator Mast Plan Sett A/C> 5,540,578 0.45%
Netwealth Investments Limited <Wrap Services A/C> 5,334,656 0.44%
Australian Executor Trustees Limited <IPS Super A/C> 4,623,179 0.38%
Bougainville Copper Limited 4,461,000 0.37%
Navigator Australia Ltd <MLC Investment Sett A/C> 3,946,902 0.32%
Bushways Pty Ltd 2,570,592 0.21%
Custodial Services Limited <Beneficiaries Holding A/C> 2,568,015 0.21%
Investment Custodial Services Limited <C A/C> 2,393,421 0.20%
Investment Custodial Services Limited <C A/C> (I) 2,375,424 0.19%
BNP Paribas Nominees Pty Ltd HUB24 Custodial Sery Ltd <Drp A/C> 2,231,254 0.18%
Netwealth Investments Limited <Super Services A/C> 2,042,207 0.17%
Australian Executor Trustees Limited <IPS IDPS A/C> 1,737,791 0.14%
Kalymna Pty Ltd 1,510,886 0.12%
HSBC Custody Nominees (Australia) Limited <Euroclear Bank SA Nv A/C> 1,500,259 0.12%
Twibill Pty Ltd 1,443,216 0.12%
Australian Executor Trustees Limited <No 1 Account> 1,368,376 0.11%
BNP Paribas Nominees Pty Ltd <Pitcher Partners Drp> 1,303,265 0.11%
Mr Bruce Teele <The Teele Family A/C> 1,248,290 0.10%

Frequently Asked Questions

Yes, AFI has made two dividend payments in 2021. The company paid an interim dividend of 10 cents per share in February and a final dividend payment of 14 cents per share on 31 August 2021. Both payments came fully franked.

Yes, the company offers a dividend reinvestment plan (DRP) as an alternative to receiving cash dividends on AFI ordinary shares.

Profile

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