Australia's largest stock trading and investment forum Australia's #1 stock forum

FMG

Click for more information

1.04%

$20.35 fortescue ltd

BHP and RIO better for dividends now over FMG, page-13

First 13 Last

Share
Profile

Follow
JPGuru

4,660 Posts.

568

28/02/22

11:43

Post #: 59867385
Share

Originally posted by pdp2020: ↑

If you receive a dividend you just need to hold the share for at least 45 days. For example that means you could be holding it 20 days before ex-div and then 26 post receiving payment. On the 46 day of holding that share if you sold than you would receive the franking credit tax offset. Note if you sold on day 45 or less you would not be entitled to receive a franking credit tax offset in your assessment (unless you qualify for the Small Shareholder Exemption - which allows shareholders who received total franking credits that is less than $5,000 for the financial year to claim their franking credits in their tax returns, even when they may not have held the shares at risk for 45 days.

https://www.ato.gov.au/Forms/You-and-your-shares-2021/?page=10
"Holding period rule
The holding period rule requires you to continuously hold shares ‘at risk’ for at least 45 days (90 days for certain preference shares) to be eligible for the franking tax offset."

This is not tax advice, DYOR.

Expand

Thanks, I am sure many smart people would have bought 47 days before ex-div date ... that's why on many stock people sell after ex-divi date... IMO... I haven't seen a stock that went up on ex-divi date so far... !

FMG Price at posting: $17.66 Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

NVA

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

MND

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Nine's staff strike as Paris Olympic coverage begins

RHK

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

There are more pages in this discussion • 3 more messages in this thread...

First 13 Last

Add FMG (ASX) to my watchlist

(20min delay)
Last $20.35		Change 0.210(1.04%)		Mkt cap ! $62.65B

Open	High	Low	Value	Volume
$20.41	$20.76	$20.26	$183.4M	8.943M

Buyers (Bids)

No.	Vol.	Price($)
3	2123	$20.34

Sellers (Offers)

Price($)	Vol.	No.
$20.36	4581	2

View Market Depth

No.	Vol.	Price($)
1	1000	20.340
2	9000	20.320
3	6016	20.300
2	219	20.290
2	4746	20.280

Price($)	Vol.	No.
20.360	4581	2
20.370	149	1
20.410	1000	1
20.420	10	1
20.430	2200	1

Last trade - 16.10pm 26/07/2024 (20 minute delay)

FMG (ASX) Chart