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$20.32 fortescue ltd

BHP and RIO better for dividends now over FMG, page-13

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JPGuru

4,660 Posts.

568

28/02/22

11:43

Post #: 59867385
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Originally posted by pdp2020: ↑

If you receive a dividend you just need to hold the share for at least 45 days. For example that means you could be holding it 20 days before ex-div and then 26 post receiving payment. On the 46 day of holding that share if you sold than you would receive the franking credit tax offset. Note if you sold on day 45 or less you would not be entitled to receive a franking credit tax offset in your assessment (unless you qualify for the Small Shareholder Exemption - which allows shareholders who received total franking credits that is less than $5,000 for the financial year to claim their franking credits in their tax returns, even when they may not have held the shares at risk for 45 days.

https://www.ato.gov.au/Forms/You-and-your-shares-2021/?page=10
"Holding period rule
The holding period rule requires you to continuously hold shares ‘at risk’ for at least 45 days (90 days for certain preference shares) to be eligible for the franking tax offset."

This is not tax advice, DYOR.

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Thanks, I am sure many smart people would have bought 47 days before ex-div date ... that's why on many stock people sell after ex-divi date... IMO... I haven't seen a stock that went up on ex-divi date so far... !

FMG Price at posting: $17.66 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $20.32		Change -0.030(0.15%)		Mkt cap ! $62.68B

Open	High	Low	Value	Volume
$20.47	$20.68	$20.32	$58.34M	2.848M

Buyers (Bids)

No.	Vol.	Price($)
7	2422	$20.32

Sellers (Offers)

Price($)	Vol.	No.
$20.33	6858	15

View Market Depth

No.	Vol.	Price($)
23	10855	20.340
17	8681	20.330
12	16031	20.320
12	22052	20.310
26	12095	20.300

Price($)	Vol.	No.
20.350	387	1
20.360	15659	21
20.370	6985	14
20.380	8686	13
20.390	7097	15

Last trade - 13.53pm 29/07/2024 (20 minute delay)

FMG (ASX) Chart