AFIC Announces FY27 Dividend Guidance and Quarterly Payments
Key points
- Ordinary dividend of 27 cents per share for FY27
- Special dividend of 10 cents per share for FY27
- Transition to quarterly dividend payments starting November 2026
Full summary
The Board of Australian Foundation Investment Company Ltd (AFIC) has announced its intention to determine a total dividend of 37 cents per share, fully franked, for the financial year 2027, subject to no material unforeseen adverse market conditions and final Board approval. This proposed dividend comprises an ordinary dividend of 27 cents per share and a special dividend of 10 cents per share. Additionally, the Board has decided to move to quarterly dividends, with the first quarterly dividend of 9.25 cents per share to be paid in November 2026. This change aligns with shareholder feedback for more frequent payments and aims to deliver a stable to growing ordinary dividend over time.
Guidance
Total dividend of 37 cents per share for FY27
Outlook
The Board intends to distribute the remaining FY27 dividend equally over the following three quarterly periods in February, May, and August 2027.
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