Ann: Dividend/Distribution - WDS, page-19

Mate@CbrMaroon your academic thought process may require some serious self awareness and self reflection.
Your previous chart ignored dividend income and is ultimately looking backwards i.e. past performance.
If you want to buy CBA yielding less than the cash rate, with equity risk, go ahead.

You think franking credits + dividend income is not a performance matter? It's called cash on cash, on cash again.
People I know have refunds totalling $80-100k. That's REFUNDS, not dividends. You would have to have a $200k job to match JUST THE REFUND. And you would have to work many hours. We sit on our arse and collect this cash.
Your academic thought process is flawed.

It IS income, it IS performance, and it IS purchasing power. And it piles up year after year after year.

Hence, why I call it cash after cash after cash.