I am not sure what you mean by “Notional” but franking credits are very real, and have a big impact on your investment returns.
earning $1 in franked dividends is the same as earning $1.43 in other income.
for example, let’s say you pay 40% tax on your income.
If you earn $1 in bank interest the government takes $0.40 leaving you with only $0.60.
But if you earn $1 franked dividend, they add $1.43 to your taxable income before charging you the 40% tax, and they will deduct the $0.57 tax from your $1.43, leaving you with $0.86 to spend.
all else being equal, share price should drop by div + franking on ex dividend day, if it doesn’t it’s the same as it going up
I am not sure what you mean by “Notional” but franking credits...
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Last
$25.66 |
Change
0.090(0.35%) |
Mkt cap ! $79.00B | |||
| Open | High | Low | Value | Volume |
| $25.72 | $25.86 | $25.63 | $77.37M | 3.012M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11417 | $25.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $25.70 | 2000 | 1 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$25.72 |
Change
0.090 ( 0.55 %) |
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| Open | High | Low | Volume | ||
| $25.72 | $25.86 | $25.64 | 785342 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| FMG (ASX) Chart |