ANZ

0.86%

$28.94 anz group holdings limited

Crashing down now, might go further down, the dividend suckers...

First 208 Last

Share
Profile

Follow
JCoure

34,003 Posts.

889

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

RDN

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

SBW

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

STX

Strike Energy secures $153 million for Perth Basin gas projects

AML

Cultural heritage agreement puts Walford Creek exploration back on the map

FHE

Frontier Energy achieves key milestone for Waroona energy project

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore

ASX Market Update: Shares fall flat as GYG soars on debut | 20 June, 2024

EMD

Emyria's Empax Centre chosen for mental health clinical trial

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

BRX

Belararox delineates another porphyry in Argentina at Tambo South

There are more pages in this discussion • 96 more messages in this thread...

First 208 Last

Add ANZ (ASX) to my watchlist

(20min delay)
Last $28.94		Change -0.250(0.86%)		Mkt cap ! $87.03B

Open	High	Low	Value	Volume
$29.18	$29.22	$28.91	$281.9M	9.948M

Buyers (Bids)

No.	Vol.	Price($)
1	3714	$28.94

Sellers (Offers)

Price($)	Vol.	No.
$28.95	8254	2

View Market Depth

No.	Vol.	Price($)
1	720	28.910
8	8282	28.900
2	920	28.890
1	720	28.880
1	843	28.860

Price($)	Vol.	No.
29.000	440	1
29.020	2589	1
29.050	2124	1
29.070	1035	1
29.100	109	2

Last trade - 16.10pm 21/06/2024 (20 minute delay)

ANZ (ASX) Chart

Crashing down now, might go further down, the dividend suckers...

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

Strike Energy secures $153 million for Perth Basin gas projects

Cultural heritage agreement puts Walford Creek exploration back on the map

Frontier Energy achieves key milestone for Waroona energy project

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore

ASX Market Update: Shares fall flat as GYG soars on debut | 20 June, 2024

Emyria's Empax Centre chosen for mental health clinical trial

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Belararox delineates another porphyry in Argentina at Tambo South

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Crashing down now, might go further down, the dividend suckers...

Top Stories

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

Strike Energy secures $153 million for Perth Basin gas projects

Cultural heritage agreement puts Walford Creek exploration back on the map

Frontier Energy achieves key milestone for Waroona energy project

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore

ASX Market Update: Shares fall flat as GYG soars on debut | 20 June, 2024

Emyria's Empax Centre chosen for mental health clinical trial

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Belararox delineates another porphyry in Argentina at Tambo South

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News