To be honest that's a strange way of looking at it. Over the next four years, namely Sep23 to Sep26(inclusive) MGX will pay out - let's say 27c/share - now either you can have the whole lot as a fully franked dividend if you wait for the first dividend until Sep24 or you can have maybe 2c/share unfranked(being 50% payout of NPAT of $51mil for FY23) in Sep23 and 25c fully franked from Sep24 to Sep26.
The Company MGX will pay the same amount of tax over this same period regardless.
I really don't see any other way of looking at it.
I have these shares in my personal name and as this dividend is additional income on top of my other income then I would be paying 39% of any unfranked dividend(37c + 2c Medicare)in tax - yuck!
MGX Price at posting:
41.5¢ Sentiment: None Disclosure: Held
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