first look at exco resouces. , page-5

lionel007,

thanks for your post on the gold thread just got a few.

i have never had franking credits before is my logic right?

38cent div.

10cent likely to be capital return
28cents fully franked (tax paid at 30cents in $)

franking credit = 28*.3 = 8.4cents (is this a straight tax credit, ie would be in effect a credit of tax paid by me to the ato)

if so

total div is worth 38+8.4=46.4 cents.

paid 63 - 46.4 = 16.6 cent/share.