"so not likely to be paid the $1.00 dividend until they have paid their tax after the 2011/2012 accounts are finalised"
Just to comment CL27 on your post here - what you have said is incorrect.
What they are able to do, is they can actually pre-pay the estimated tax on gain on the sale of teh assets (i.e. do a pre-calc). Once an amount is prepaid - it is therefore accessible as part of their franking account, and therefore could potentially be paid out. I know this is true of the smaller companies i.e. businesses (been an accountant), the larger ones I'm not sure.
Can't see an issue with the above so long as the franking account does not go into debit. Therefore they would be able to do a franked dividend alot earlier than waiting till the end of year.
Anyone else offer an opinion on the above?
WPG Price at posting:
$1.15 Sentiment: Hold Disclosure: Held
