For any fully franked dividend, calculate the franking credit by dividing by 7 then multiplying by 3.
a $70 fully franked dividend comes with a $30 franking credit, making the whole dividend worth $100 (pre tax to you).
Thus, an 11.5 cent dividend will come with a 4.9 cent franking credit, making a grossed up total of 16.4 cents.
Ann: Ceasing to be a substantial holder, page-8
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