Maybe many of those individual shareholders own 5,000 shares, are subject to the 39% or 47% marginal tax rate and don’t want to pay 9% or 17% top up tax on a franked dividend?
Maybe some shareholders own 1,000,000 shares via super, and prefer a dividend because they get a refund of the franking credit.
Point is regardless of what a bot says, it is a shareholders individual circumstances that will determine whether from a tax perspective they prefer a dividend vs. buy back.
Ann: Dividend/Distribution - NHC, page-32
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Last
$4.99 |
Change
-0.070(1.38%) |
Mkt cap ! $4.218B | |||
| Open | High | Low | Value | Volume |
| $5.08 | $5.14 | $4.92 | $12.33M | 2.448M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 19389 | $4.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.01 | 11133 | 1 |
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| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| NHC (ASX) Chart |