Australian Foundation Investment Company outlines dividend strategy

Australian Foundation Investment Company (AFIC) has announced a new dividend strategy and investment priorities under CEO and Managing Director Alison Gibson. The company, which manages a $9.7 billion investment portfolio, is transitioning from half-yearly to quarterly dividend payments.

AFIC has provided FY27 dividend guidance of 37 cents per share, fully franked, consisting of a 27-cent ordinary dividend and a 10-cent special dividend, pending final board approval. The first quarterly payment of 9.25 cents per share is scheduled for 12 November 2026.

As of 30 September 2026, AFIC reported a net tangible asset (NTA) of $7.82 per share against a share price of $6.65, representing a 15% discount. The company has been conducting share buybacks and adjusting its holdings, which include Woolworths, Telstra, Pro Medicus, TechnologyOne, Newmont, and Evolution Mining.