Franked Dividend

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Franked Dividend

In Australia, a dividend issued with a tax credit attached to it. Franked dividends exist in order to avoid double taxation of dividends. The amount of the tax credit depends upon the issuer's tax rate and the amount of the dividend. See also: Franked Income.
References in periodicals archive ?
The Company has paid out over $114 million in fully franked dividends during that time and also acquired the Panton PGM Project, Magma Metals, the Mt Henry Gold Project and the Gidgee Gold Project (now Gum Creek).
* Total fully franked dividends of A$0.30 per share (1H18: A$0.11 per share) comprising:
CFS Group offers investors a company with a strong earnings base, with pro forma 2017 NPAT of over $500 million and a strong capacity to pay franked dividends.
The Company expects to report growth in revenue, profit, earnings per share and fully franked dividends in FY12.
12 Months to 31 December 2004($m) 2005($m) Revenue from continuing operations 116.0 161.2 Operating EBITDA 42.9 60.6 Operating EBIT 19.3 27.9 Non operating revenues and specific costs (6.8) (3.1) Net interest & share of associate loss 1.0 0.9 Profit before tax 13.5 25.7 Taxation expense (6.4) (8.0) Profit after tax from continuing operations 7.1 17.7 Earnings per share 2.01 4.20 Fully franked dividends (declared) /share (cents) 2.25 4.00
- Fully franked dividend of 2.75 cents declared (up 22%) together with a further fully franked special dividend of 1.25 cents per share
Franked dividends are those that are paid out of corporate profits on which Australian corporate tax has been paid.
Fully franked dividends totalling A$127.0 million paid during the year (FY18: A$109.9 million)
Final fully franked dividend of 6 cents per share, totalling A$101.8 million, declared based on Evolution's new dividend policy of a payout ratio targeting 50% of free cash flow
(iv) When franked dividends are received by a resident company the imputation credits are preserved and may be used to frank dividends paid by the recipient company.
Even if aggregated fully franked dividends of $0.42 per share could be paid, a majority of Alesco s shareholders are likely to receive considerably less than $0.18 value per share of franking benefits claimed by DuluxGroup.
A number of Alesco's shareholders have indicated that they would highly value fully franked dividends, which is why DuluxGroup has chosen to structure its Revised Offer in this way.