You said "I do not see much difference between franked or otherwise, paying taxes now or later"
Makes a very big difference. Take 2 scenarios (assuming investor is Australian on 37% tax rate + 2% medicare levy:
(1) 70c dividend that is fully franked (@30c).
Investor declares $1 of income and is liable to pay tax of 39c (but has paid 30c via franking, so pays an additional 9c).
Net cash in hand = 61c.
(2) 70c dividend that is unfranked
Investor declares 70c of income and pays 27.3c in tax (39% on 70c )
Net cash in hand = 42.7
Difference is 43% ... that is quite substantial.
If you are lucky enough to be in pension mode in an SMSF (zero tax), then the difference is 30c.
(1) Franked means investor gets $1 (70c from NHC and 30c from ATO)
(2) Unfranked means investor just get 70c from NHC
Ann: Dividend/Distribution - NHC, page-15
-
- There are more pages in this discussion • 78 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NHC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$5.06 |
Change
0.080(1.61%) |
Mkt cap ! $4.277B | |||
| Open | High | Low | Value | Volume |
| $4.99 | $5.10 | $4.97 | $10.25M | 2.032M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2019 | $5.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.06 | 325 | 1 |
View Market Depth
| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| NHC (ASX) Chart |