AFIC Guides 37cps FY27 Dividend, Moves Quarterly

Australian Foundation Investment Company announced intended FY27 dividends totalling 37 cents per share fully franked and said it will move from semi-annual to quarterly dividend payments.

The Board's intention, subject to no material unforeseen adverse market conditions and final Board approval, is an ordinary dividend of 27 cents per share, a 1.9% increase on the prior year's 26.5 cents, plus a special dividend of 10 cents per share. Based on the share price at 30 September 2026, that represents an ordinary yield of 4.1% (5.8% including franking credits) and 5.6% (7.9% including franking) when specials are included. The Board has determined a first quarterly dividend of 9.25 cents per share fully franked, comprising 6.75 cents ordinary and 2.5 cents special, payable on 12 November 2026 to shareholders on the register on 16 October 2026. Remaining FY27 dividends are intended to be paid equally in February, May and August 2027 at the same 9.25 cents total each quarter. The DRP and DSSP will continue for the quarterly dividends.

Future special dividends after FY27 will depend on ordinary earnings, franking credits and realised capital gains, and quarterly amounts remain subject to the profit outlook and market conditions.