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.
Maybe many of those individual shareholders own 5,000 shares,...
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Last
$4.73 |
Change
0.050(1.07%) |
Mkt cap ! $3.998B | |||
| Open | High | Low | Value | Volume |
| $4.71 | $4.74 | $4.69 | $10.05M | 2.131M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 17370 | $4.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.74 | 72980 | 9 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$4.74 |
Change
0.050 ( 0.88 %) |
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| Open | High | Low | Volume | ||
| $4.71 | $4.74 | $4.69 | 798507 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| NHC (ASX) Chart |