FID 1.99% $7.67 fiducian group limited

Franked dividends and capital raises

  1. 3,474 Posts.
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    Feels good to be invested in a company that hasn't done "out of cycle" dividend payments funded by capital raises with the new proposed laws that will be retrospective back to December 2016. Westpac and Harvey Norman shareholders could receive shock tax bills due to the government’s proposed retrospective crackdown on franked dividends funded by capital raisings. Fiducian will now be an even more attractive franked dividend stock for investors. The proposed legislation will lead to some very messy fights with the ATO for some companies.
 
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