Hi everyone,
Can someone explain to me why an increase in MFG tax rate in FY 24 is so important for MFG shares valuation? I care about gross dividends (8-9%) and franking credit (75 pc now or 100 pc after tax rate increase), my net dividends after tax stay the same before and after tax rate increase. It is much better than 5 per cent dividends without franking credit.
thank you
MFG in the BUY zone, page-434
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Last
$9.94 |
Change
-0.320(3.12%) |
Mkt cap ! $1.796B | |||
| Open | High | Low | Value | Volume |
| $10.07 | $10.20 | $9.94 | $8.519M | 847.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4149 | $9.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.99 | 1848 | 1 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| MFG (ASX) Chart |