@primaus72
Think of the 25c dividend as the amount that the company distributes out after paying 30% company tax. Hence it is 70% value of the Net Profit Before Tax.
What we need to calculate is the 30% tax that they have paid attributable to this:
25 / 0.7 *0.3 = 10.7c
Hope this helps
News: PFL Patties Foods says received proposal from Pacific Equity Partners, page-13
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