Really don't understand either your above posts. Think you are over complicating things The Company pays tax on their total taxable income, not on dividend distribution. The Company then decides how much of their after tax profits they wish to pay as a dividend and much can include a franking credit. In this case the dividends are 100% franked and the company has paid tax at the rate of 30%. Each shareholder will then need to account for their own tax situation including the use of the Franking credits as applicable. Probably best from the horses mouth. This is the ATO's explanation of Imputation:- https://www.ato.gov.au/business/imputation/
BHP Price at posting:
$46.84 Sentiment: None Disclosure: Held
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