Franking credits means nothing.
Gross yield and personal tax rate is what you look at.
At its core franking credits is just tax withheld at a rate of 30%
You need to look at the complete picture after tax.
You have to look at gross dividend yield and your personal effective tax rate... not marginal.
You don't pay marginal tax at the end of the day, you pay your effective tax rate.
Your effective rate is much lower than your marginal rate.
Some people will pay 0% on income tax and others will pay a lot more!
If your effective tax rate is higher than 30% you will have to pay even more tax on the dividend.... no refund.
Franking credits means nothing.Gross yield and personal tax rate...
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