Franking credits are "received" no matter how you take the dividend (unless you are a non-resident of Oz), but you physically only receive the $1.47 from FMG, either as cash or applied to the DRP.
Your personal/company/SMSF position will determine whether you receive any tax benefits or tax top-up to pay when you lodge your 20-21 return.
Basically, the $1.47 is 70% of the dividend, $0.63 are franking credits (30%), and the total income attributed to the shareholder is $2.10. The shareholder pays tax on the $2.10 at their prevailing rate. If you are an individual at a low tax bracket, you'll probably receive some of that $0.63 back. If you are in the top bracket, the $0.63 won't cover what you should have paid, and you'll have to pay extra to the tax man. If you an investment company that doesn't have an active business, the $0.63 will be a wash. If you are an operating company, you'll get a little extra back. Super funds only pay at 15% when in accumulation phase, so they'll get $0.315 back, and if in pension phase, I think they are tax free, so will get the full credit back.
May not be perfectly correct above, but gives you the basics of it.
- Forums
- ASX - By Stock
- FMG
- FMG - 2021 Interim Dividend
FMG - 2021 Interim Dividend, page-390
-
- There are more pages in this discussion • 166 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 FMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$17.50 |
Change
0.840(5.04%) |
Mkt cap ! $53.88B |
Open | High | Low | Value | Volume |
$16.89 | $17.74 | $16.84 | $346.2M | 19.88M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 5870 | $17.48 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.50 | 12148 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5300 | 17.480 |
1 | 1000 | 17.460 |
1 | 6609 | 17.450 |
4 | 6819 | 17.400 |
1 | 2500 | 17.350 |
Price($) | Vol. | No. |
---|---|---|
17.500 | 148 | 1 |
17.560 | 3333 | 1 |
17.600 | 2600 | 1 |
17.670 | 1000 | 1 |
17.680 | 593 | 1 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online