FMG 1.04% $20.35 fortescue ltd

”Shareholders are still entitled to the franking credits...

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    ”Shareholders are still entitled to the franking credits attributable to dividends reinvested under a DRP”.

    The cash receivable component of a dividend is used in the DRP, any Franking Credits on that dividend are used by the shareholder as offsets in any Tax Payable in their Income Tax Return of the corresponding year.

    (In short when completing your Tax Return - Gross up your Taxable Income to account for any DRP activity then utilise the offsets of any associated Franking Credits).

    *Important also to note the date of any DRP transactions and the purchase price of the share in order to simplify calculations for any future Capital Gains.



 
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