Thus they had an amazing 16 cps in franking credits per share at 30 June 2017. Enough for a very large payout per share. The question is how do they fund growth in the loan book and return franking credits? The higher dividend will not make a dent as they paid $11 million in income tax in the last half year and are paying out much less than that in franking credits on dividends even with the higher dividend.
