Please explain to me how you think franking benefits you? it's such a red herring. Gross yield is what matters, franked or not.
Franking is just withholding tax. At the end of the day you get taxed at the GROSS dividend as part of the rest of your income at your effective tax rate.
In fact I would prefer dividend that is NOT franked because then I will have that cash in hand until the end of the tax season. Given the same gross yield.
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