Those trading via Self Managed Super Fund should be all over this stock.
12c franking credits on a 70c share.
With superfund taxed at 15% and tax already paid at company rate of 30% it means ATO refund of 6c/share.
For an SMSF the 6c ATO refund comes in addition to the 28c dividend and 10c capital return (i.e. total cash return of 44c/share).
For those SMSF's heldd by persons over 60 years of age I understand that incoem is not taxed. In thsi case ATO would refunf 12c/share (and total cash return is 50c? share).
EXS Price at posting:
70.0¢ Sentiment: Buy Disclosure: Held
