If a div is fully franked you get around 42% of the div in franking credits
As an example:
Company makes $100 profit before tax, pays $30 tax, distributes $70 to shareholders
Shareholders get $70 franked dividend and $30 of franking credits... $30/$70 is roughly 42%
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- dividend reinvestment plan statement
If a div is fully franked you get around 42% of the div in...
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