Absolute certainty to pay an increased dividend in October, I reckon we could see 3.5 or 4c .
The basic idea with LIC's is to earn profits through dividends and capital gains trading, pay tax and then return the franking credit back to investors with the cash dividend , to utilize franking credits tax system in Australia, very good for pensioners, super funds and low income earners where franking credit is like extra cash benefit to spend or reinvest.
Absolute certainty to pay an increased dividend in October, I...
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