But the 7c dividend gets taxed at your marginal rate. So that scenario holds if you taxed at 30%, but not good if top marginal rate as you have to pay the top up tax - say 15% (diff between company tax and top marginal rate)? And better if you're a pensioner/lower tax rate.
LGD Price at posting:
37.5¢ Sentiment: Hold Disclosure: Held
