Ok folks, this could be a real game changer!!!! Sometime between...

Ok folks, this could be a real game changer!!!! Sometime between now and 1 July 2019 we could receive an announcement that FMG will be paying a special dividend. I'd estimate it would something in the vicinity of 15c a share. Happy to open the thread to other estimates?

disallowed/business/banking-and-finance/labor-franking-shake-up-plan-could-spark-buybacks-special-dividends-20190131-p50ux9.html

The spectre of a changes to dividend taxes under a Labor government has sparked fresh predictions that  some of Australia's largest companies could pay special dividends, or launch off-market share buybacks to get funds back to shareholders before the policy is put in place.

Patersons Wealth Management fingered Fortescue as a likely candidate as it identified companies that could release excess franking credits through special dividends or off-market buy backs ahead of a change in policy.

Patersons analyst Greg Galton said franking credits were "worthless" to the companies, but were valuable to shareholders. In a note to clients, Mr Galton said the companies "most likely" to return excess franking credit to shareholders included Fortescue, Rio Tinto, Wesfarmers and Woolworths.

"ASX listed companies with large franking credit balances are likely to look to distribute their excess franking credits to shareholders, either by way of increased dividends, special dividends or off-market buybacks," Mr Galton wrote.

A report from Deutsche Bank last week also identified companies with large franking balances - naming firms including Fortescue, JB Hi-fi, Bendigo and Adelaide Bank.