When distribute dividends some companies say it it is 100% franked but then add some extra info as in these examples:
14c 100% franked
14 c FRANKED @ 30% D.R.P. SUSPENDED
2c 100% franked
2c FRANKED @ 30% D.R.P.
4.5c 100% franked
4.5c FRANKED @ 30% D.R.P NIL DISCOUNT
I guess “D.R.P.” refers to dividend reinvestment plan but that’s all I understand here...
Could some knowledgeable investor,please, tell me what these “30% D.R.P. SUSPENDED”, “FRANKED @ 30% D.R.P.” and “FRANKED @ 30% D.R.P NIL DISCOUNT” mean in plain English?
What is behind them, especially if the investor has nothing to do with div. reinvest. plan?
Thanks in advance all who can help me understand this!