" As an example, if I received a $100 000 dividend that was fully franked, at tax return time, I would be refunded another $30 000, which is the company tax paid on profits. Not a bad return for being a lazy investor."
In fact, the franking is better than that. Franking represents a return of the tax the company paid before that $100,000 became available to pay the dividend (to avoid double taxation). The company actually earned $142,857.14 and paid 30% of that as tax leaving $100,000 for your dividend, so the company actually paid tax of $42,857.14 in tax when the profits were originally earned. You will, therefore, receive $42,857.14 as your franking credit BUT you will pay tax on $142,857.14 at your marginal rate (which may be more or less than 30%).
- Forums
- ASX - By Stock
- PLS
- divvies
divvies, page-123
-
- There are more pages in this discussion • 76 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PLS (ASX) to my watchlist
|
|||||
Last
$2.83 |
Change
0.160(5.99%) |
Mkt cap ! $8.551B |
Open | High | Low | Value | Volume |
$2.76 | $2.88 | $2.74 | $105.8M | 37.57M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
81 | 205711 | $2.82 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.83 | 121879 | 32 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
41 | 97718 | 2.830 |
48 | 374274 | 2.820 |
32 | 295221 | 2.810 |
36 | 307586 | 2.800 |
27 | 281009 | 2.790 |
Price($) | Vol. | No. |
---|---|---|
2.840 | 293673 | 43 |
2.850 | 624963 | 31 |
2.860 | 707817 | 19 |
2.870 | 161433 | 16 |
2.880 | 176214 | 32 |
Last trade - 13.54pm 12/09/2024 (20 minute delay) ? |
Featured News
PLS (ASX) Chart |