Australian Foundation Investment Company Limited (AFI.NZ) Stock Price & Analysis
NZX Share Price, Dividends & Financials
Price
$8.17
Dividend Yield
4.88%
Annual yield
Market Cap
10B
Total value
P/E Ratio
27.3
Price to earnings
Dividend Information
Annual Rate
0.39
Per share annually
Last Dividend
0.20
01/02/2026
Ex-Dividend
02/02/2026
Next ex-date
Payout Ratio
96.67
Of earnings
Years Paying
16
Consecutive
5Y Avg Yield
Unknown
Historical avg
Stock Analysis Summary
01-04-2026
Australian Foundation Investment Company Limited (AFI.NZ) is a prominent investment company listed on the NZX, known for providing dividend income to its shareholders. As of the latest data, AFI boasts a current dividend yield of approximately 3.5%, with a 5-year range typically fluctuating between 3% and 4%. Dividends are paid semi-annually, reflecting a stable and consistent payout history, which is appealing to income-focused investors, particularly retirees seeking a reliable yield. The payout ratio for AFI is around 70%, indicating a sustainable level that allows for both dividend payments and potential reinvestment in growth opportunities. Recently, AFI has maintained steady dividend growth, aligning with sector averages and meeting income investor expectations. This stability suggests that AFI is a retiree-friendly option, providing consistent returns. However, with market volatility and economic shifts, could Australian Foundation Investment Company Limited face pressure to cut its dividend in the future?
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Australian Foundation Investment Company Limited Dividend History
AFI dividend payment dates, amounts, and ex-dividend history
| Ex Dividend Date | Payable Date | Dividend Amount | Amount Change | Adjusted Price | Close Price |
|---|---|---|---|---|---|
| 02/02/2026 | 26/02/2026 | 0.1969 | -8.00% | 8.31 | 8.31 |
| 05/08/2025 | 28/08/2025 | 0.213 | 61.72% | 8.35 | 8.35 |
| 03/02/2025 | N/A | 0.12 | -17.24% | 6.94 | 6.94 |
| 14/08/2024 | N/A | 0.145 | 19.34% | 6.82 | 6.94 |
| 02/02/2024 | N/A | 0.1215 | -18.73% | 6.68 | 6.94 |
| 11/08/2023 | N/A | 0.1495 | 24.69% | 6.56 | 6.94 |
| 02/02/2023 | N/A | 0.1199 | -21.58% | 6.42 | 6.94 |
| 10/08/2022 | N/A | 0.1529 | 52.90% | 6.31 | 6.94 |
| 09/02/2022 | N/A | 0.1 | -28.57% | 6.17 | 6.94 |
| 11/08/2021 | N/A | 0.14 | 40% | 6.08 | 6.94 |
| 09/02/2021 | N/A | 0.1 | -28.57% | 5.96 | 6.94 |
| 11/08/2020 | N/A | 0.14 | 40% | 5.87 | 6.94 |
| 07/02/2020 | N/A | 0.1 | -28.57% | 5.75 | 6.94 |
| 06/08/2019 | N/A | 0.14 | 40% | 5.67 | 6.94 |
| 08/02/2019 | N/A | 0.1 | -28.57% | 5.56 | 6.94 |
| 08/08/2018 | N/A | 0.14 | 40% | 5.48 | 6.94 |
| 08/02/2018 | N/A | 0.1 | -28.57% | 5.37 | 6.94 |
| 08/08/2017 | N/A | 0.14 | 40% | 5.29 | 6.94 |
| 07/02/2017 | N/A | 0.1 | -32.08% | 5.18 | 6.94 |
| 09/08/2016 | N/A | 0.1472 | 38.85% | 5.11 | 6.94 |
| 03/02/2016 | N/A | 0.106 | -24.26% | 5 | 6.94 |
| 07/08/2015 | N/A | 0.14 | 55.56% | 4.92 | 6.94 |
| 05/02/2015 | N/A | 0.09 | -35.71% | 4.52 | 6.5 |
| 08/08/2014 | N/A | 0.14 | N/A | 4.56 | 6.65 |
| 04/02/2014 | N/A | 0.14 | N/A | 4.42 | 6.58 |
| 09/08/2013 | N/A | 0.14 | 75% | 4.46 | 6.78 |
| 05/02/2013 | N/A | 0.08 | -38.46% | 4.33 | 6.72 |
| 14/08/2012 | N/A | 0.13 | N/A | 3.64 | 5.73 |
| 10/08/2012 | N/A | 0.13 | 62.50% | 3.67 | 5.9 |
| 07/02/2012 | N/A | 0.08 | -38.46% | 3.37 | 5.54 |
| 16/08/2011 | N/A | 0.13 | N/A | 3.14 | 5.24 |
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Investment Analysis: Australian Foundation Investment Company Limited
Dividend Payment Analysis
Australian Foundation Investment Company Limited (AFI.NZ) operates in the Financial Services sector and offers investors a moderate dividend yield of 4.88% based on current market prices. For New Zealand income investors, this translates to approximately $0.3900per share annually. This above-average yield warrants careful analysis of dividend sustainability. Past dividend payments do not guarantee future payments.
Dividend Sustainability Analysis
A critical factor for dividend investors is the sustainability of payments. Australian Foundation Investment Company Limitedcurrently maintains a payout ratio of 96.7%, which is considered stretched coverage. Investors should carefully monitor earnings trends, as higher payout ratios leave less room for dividend growth or cuts during challenging periods.
Dividend Yield Context
A 4.88% yield aligns with typical NZ dividend-paying stocks, offering a balance between income and capital appreciation potential. Always compare yields within the same sector for meaningful context.
Valuation Perspective for Dividend Investors
Beyond dividend metrics, valuation matters. Australian Foundation Investment Company Limited trades at a P/E ratio of 27.3x, which is premium by historical standards. Dividend investors often seek a combination of reasonable valuation and sustainable yield rather than chasing the highest yield alone.
Key Considerations Before Investing
Imputation Credits
As a New Zealand company, Australian Foundation Investment Company Limited may attach imputation credits to dividends, effectively providing NZ tax-resident shareholders with a tax credit for company tax already paid. Check the latest dividend notices for specific imputation credit percentages.
Total Return Perspective
While dividend yield is important, total return (dividends plus capital appreciation) matters more over the long term. Historical share price performance should be evaluated alongside dividend payments to assess the complete investment picture.
Sector-Specific Risks
Financial Services sector companies face unique industry dynamics. Research sector trends, regulatory changes, and competitive positioning before making investment decisions. Some investors study multiple sectors when researching dividend portfolios.
Important Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Past dividend payments do not guarantee future payments. Share prices and dividends can fall as well as rise. Always conduct your own research or consult a licensed financial adviser before making investment decisions. Data accuracy cannot be guaranteed and should be verified with official company sources.
Frequently Asked Questions
What is Australian Foundation Investment Company Limited's current dividend yield?
Australian Foundation Investment Company Limited (AFI.NZ) currently has a dividend yield of 4.88% as of 22/05/2026. This is calculated by dividing the annual dividend per share ($0.390) by the current share price ($8.17).
When does Australian Foundation Investment Company Limited pay dividends?
Based on historical data, Australian Foundation Investment Company Limited typically pays dividends semi-annually. The most recent ex-dividend date was 2/02/2026with a payment of $0.1969 per share. The payment date was 26/02/2026. Dividend payment schedules are subject to board approval and may change.
Does Australian Foundation Investment Company Limited offer imputation credits?
Australian Foundation Investment Company Limited is a New Zealand company listed on the NZX. NZ companies can attach imputation credits to dividends, which represent company tax already paid. These credits may affect your tax position — consult a tax professional. Check the latest dividend notice on the NZX or the company's investor relations page for specific imputation credit amounts attached to each dividend payment.
How long has Australian Foundation Investment Company Limited been paying dividends?
Our database shows Australian Foundation Investment Company Limited has 16 consecutive years of dividend payments. This historical track record is informational only and does not guarantee future dividend payments or amounts.
Where can I find Australian Foundation Investment Company Limited's official dividend announcements?
Official dividend announcements for Australian Foundation Investment Company Limited are published on the NZX market announcements platform and typically on the company's investor relations website. These official sources provide the most accurate and up-to-date information about dividend amounts, dates, and imputation credits.
Key Dividend Considerations for Australian Foundation Investment Company Limited
Investors researching dividend stocks often consider the following factors. Here's how the data currently looks for Australian Foundation Investment Company Limited as of 22/05/2026:
Dividend Consistency
Australian Foundation Investment Company Limited has made 16 consecutive years of dividend payments based on our records, with a total of 31 payments tracked.
Dividend Growth Pattern
Over the tracked period, Australian Foundation Investment Company Limited's dividends have remained relatively stable:
Based on comparison of consecutive dividend payments. Historical data does not predict future performance.
Yield Context
| Metric | Value |
|---|---|
| Current Yield | 4.88% |
| Financial Services Sector Average | 6.00% |
Yields are calculated based on current market prices and historical dividend payments. Future yields may differ.
Financial Sustainability Indicators
- Payout Ratio:96.7%
- Some analysts view payout ratios under 80% as potentially more sustainable, but this is only one metric among many
- Dividend Coverage:1.03x
- Higher coverage ratios may suggest more room to maintain dividends, though this is not guaranteed
Educational Note: These metrics provide historical context for dividend investors. They represent past performance and current market data. Dividend sustainability depends on many factors including company earnings, cash flow, debt levels, and business conditions. This information does not constitute a prediction of future dividend payments or investment advice.
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