ANZ

1.20%

$30.40 anz group holdings limited

ANZ UP TO THEIR EYEBALLS IN CROWN CASINO MONEY LAUNDERING, PLUS...!, page-208

First 208 Last

Share
Profile

Follow
JCoure

34,943 Posts.

906

16/11/23

10:13

Post #: 70932514
Share

Originally posted by fnqricko: ↑

Hey Gazza, If you were a pensioner or otherwise paying no tax the current dividend of 94 cents partially franked at 56% would give the return of $1.1657 per share totally tax free. if you are working and have a marginal rate of 19 cents in the dollar then the tax on $1.1657 would be around 22cents, however because the franking credit on 94 cents at 56% is 22.56 cents this would be used to offset the 22cent tax on the $1.1657, leaving around half a cent per share to be offset against other tax or returned to you , your overall return would now be $.9457 per share.
if your marginal rate is 30cents in the dollar then the tax payable per share would be around 35 cents, the 22.56 cent franking credit would then be used to offset most of this tax leaving a tax component of 12.44 cents to pay, leaving a return of $.8157 per share.

if as you say the the dividend had been $.816 fully franked then if you were in the no tax bracket then you would receive $1.1557 per share compared to $1.1657 for the current dividend.
If your marginal tax rate was 19cents in the dollar then your overall return would be $.9357 per share compare to the current $.9457 per share, and if your marginal rate was 30 cents in the dollar then you return after tax and franking credits would be $.8097 compared to $.814 for the current dividend.

Most shareholders have simply looked at the franking credit rate expecting 100% ignoring the extra value of the dividend paid and over reacting and selling off the shares in disgust, in fact they are no worse off then last divi if not marginally in front.

Expand

Crashing down now, might go further down, the dividend suckers got sucked in and slaughtered.

ANZ Price at posting: $24.27 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

PYC

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

CCO

The Calmer Co’s Anthony Noble reflects on record breaking FY24

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

LLC

Lendlease sells off US east coast construction operations in latest global divestment push

VYS

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

TBN

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

HLX

Helix investor makes partial takeover bid, proposing board changes

CYM

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

HVN

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

There are more pages in this discussion • 106 more messages in this thread...

First 208 Last

Add ANZ (ASX) to my watchlist

(20min delay)
Last $30.40		Change 0.360(1.20%)		Mkt cap ! $90.90B

Open	High	Low	Value	Volume
$30.20	$30.40	$30.09	$390.0M	12.85M

Buyers (Bids)

No.	Vol.	Price($)
1	663	$30.38

Sellers (Offers)

Price($)	Vol.	No.
$30.40	4747	1

View Market Depth

No.	Vol.	Price($)
1	32	30.220
1	1000	30.180
1	1000	30.150
1	1000	30.070
1	422	30.040

Price($)	Vol.	No.
30.420	2600	1
30.430	1500	2
30.440	2820	3
30.450	4165	3
30.460	1592	2

Last trade - 16.10pm 30/08/2024 (20 minute delay)

ANZ (ASX) Chart

ANZ UP TO THEIR EYEBALLS IN CROWN CASINO MONEY LAUNDERING, PLUS...!, page-208

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

The Calmer Co’s Anthony Noble reflects on record breaking FY24

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

Lendlease sells off US east coast construction operations in latest global divestment push

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

Helix investor makes partial takeover bid, proposing board changes

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

ANZ UP TO THEIR EYEBALLS IN CROWN CASINO MONEY LAUNDERING, PLUS...!, page-208

Top Stories

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

The Calmer Co’s Anthony Noble reflects on record breaking FY24

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

Lendlease sells off US east coast construction operations in latest global divestment push

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

Helix investor makes partial takeover bid, proposing board changes

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News