Just wondering if anyone can confirm my numbers re the value of the franking credits attached to the dividend...
a 15c ff dividend carries a franking credit worth 6.4c (15 / 0.7 * 0.3)
so that is the extra value for a zero tax paying investor.
a super fund, which pays 15% tax, has a tax liability of 3.2c, (15 / 0.7 * 0.15) which is offset by the 6.4c franking credit, leaving a net tax credit of 3.2c
So a zero paying investor can breakeven by paying up to 76.4c per share, while a superfund could pay up to 73.2cps.
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