that only applies for fully franked dividends. A2M is a NZ listed entity and pays tax in NZ. I dont think they have the ability to pay franked dividends which is why buy backs make more sense.
if someone has access to tax free threshold for dividends then they are also entitled to it for CGT portion that falls under assessable income for tax purposes so it shouldn't really matter.
companies prefer buy backs over dividends as it increases your EPS without you doing anything operational wise and returns cash back to shareholders without promise to do it again in the future - which a dividend can imply.
DYOR.
A2M Price at posting:
$6.82 Sentiment: Buy Disclosure: Held
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