Is AFIC a good buy now?
Performance of The Australian Foundation Investment Company
This is what AFIC publish as their portfolio and share price performance – ending 31 December 2022. You can see that AFIC has performed well, with the net asset share price growth plus dividends performing well over the long term.
AFIC's investment portfolio includes the following companies: BHP Billiton, Commonwealth Bank of Australia, Westpac Banking Corporation, Rio Tinto, Telstra, Wesfarmers, Woolworths, and AGL Energy.
Perhaps the AFIC share price has been falling today partly because investors can find income from other sources? The longer-term decline can be explained by the reduction of the asset value of the portfolio in 2022.
There are typically 2 dividends per year (excluding specials). Our premium tools have predicted Australian Foundation Invest.
We pay fully franked dividends as cash payments. Alternatively, AFIC shareholders can elect to reinvest these dividends through our Dividend Reinvestment Plan (DRP) or Dividend Substitution Share Plan (DSSP).
Continuing with the Australian theme, the next ETF the Barefoot Investor recommends for this Index Fund Portfolio is VAP, another Vanguard ETF which tracks the S&P/ASX 300 A-REIT Index.
Aflac Incorporated - Buy
Zacks' proprietary data indicates that Aflac Incorporated is currently rated as a Zacks Rank 2 and we are expecting an above average return from the AFL shares relative to the market in the next few months.
Notable Dividend: AFI's dividend (3.33%) is higher than the bottom 25% of dividend payers in the Australian market (2.55%). High Dividend: AFI's dividend (3.33%) is low compared to the top 25% of dividend payers in the Australian market (6.84%).
| Stockholder | Stake | Shares owned |
|---|---|---|
| BlackRock Fund Advisors | 14.78% | 4,371,823 |
| Dimensional Fund Advisors LP | 8.19% | 2,422,671 |
| The Vanguard Group, Inc. | 7.11% | 2,102,612 |
| Wellington Management Co. LLP | 5.32% | 1,572,438 |
Is First Advantage Stock a good buy in 2023, according to Wall Street analysts? The consensus among 6 Wall Street analysts covering (NASDAQ: FA) stock is to Hold FA stock.
Who bought AFI?
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Mercer acquires AFI Wealth Strategies.
| About Cynthia | |
|---|---|
| CynthFernandez | |
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The consensus among Wall Street equities research analysts is that investors should "buy" AFN shares.
Australian Foundation Investment Company will pay dividend of 11c per share on 24 Feb 2023. The ex-dividend date for this dividend is 02 Feb 2023. The dividend amount will be paid at franking rate of 100%. Australian Foundation Investment Company is paying dividends since or before Sep 2010.
| Fund | Dividend Yield | Risk Level |
|---|---|---|
| Vanguard High Dividend Yield ETF (NYSEMKT:VYM) | 3.00% | Below Average |
| Vanguard Dividend Appreciation Index ETF (NYSEMKT:VIG) | 1.96% | Below Average |
| iShares Core Dividend Growth ETF (NYSEMKT:DGRO) | 2.34% | Below Average |
| Vanguard Real Estate ETF (NYSEMKT:VNQ) | 3.91% | Average |
Australian Foundation Investment Company Limited's current share price is $7.50. This constitutes a share price movement of -0.27% when compared to its closing share price of $7.52 seven days ago. Relative to today's opening stock price, the AFI stock price is unchanged.
Purchasing AFIC shares (Trade)
There is no set limit on the number of AFI shares you may purchase, however your broker may apply a minimum amount (typically $500). You can purchase (and sell) AFIC shares as often as you would like, but please be aware of the cost of brokerage that is charged by your broker.
Performance of the largest Australian share market LICs vs ETFs. Many Aussie investors would be familiar with the Australian Foundation Investment Company Limited (AFI), which is by far the largest and most popular LIC with $9.2 billion in FUM. It's also the oldest LIC in the market having listed in 1936.
AFIC is committed to the highest standards of ethical behaviour. Explore our company's system of corporate governance below.
