I know that. I'm not expecting them to pay 100% FF dividends as that is impossible unless they severly cut their dividend as they wouldn't have enough franking credits. I was just making others aware that the franking has fallen from 40% in the pcp to 35% and so the overall 5c increase in dividend is actually not a progressive dividend policy in my view. The way around it is obviously to have increased the divvy by more than 5c to make up for the fall in franking. But as I said it's a minor issue for me.
MQG Price at posting:
$211.43 Sentiment: Hold Disclosure: Held
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