high yielding dividends!!!, page-2

  1. 1,058 Posts.
    Aha. What you are looking for are companies that are about to go ex. Remember the rules about how long you have to hold shares to get the franking credits.

    If you have a total of less than $5000 in franking credits
    then you can buy and sell the stocks as fast as you like.

    If you have more than $5,000 in franking credits you have to hold the stock for more than 45 days. This is surprisingly easy to achieve if you chase off market buy
    backs.

    The Woolworth's buyback was very typical. If you bought the day the buyback was announced you just
    scrambled into the 45 day window.

    My suggestion is that you assume at the start of a Financial Year that you will have over $5000 in franking
    credits and hold all stocks that you buy for fully franked dividends for 45 days.

    Sorry I cant tell you how to check for when dividends are payable. I read the ASX announcements which is a brute force solution.
 
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