Australian (ASX) Stock Market Forum

CBO - Cobram Estate Olives

3 April 2017
Could you please further clarify:

The Government revived legislation proposed by the previous Government preventing passing on franking credits where the dividend is funded by a capital raising. The consultation period has passed but it is not yet law. It doesn't necessarily prevent payment of a dividend as one OP thinks - but didn't research as per usual.

Also be aware from the date of the October Budget franking will not apply to discounted off-market buy backs which include a dividend. The reasoning being the measure brings it in line with on-market buy backs where a company buys back the shares but not the franking. As per here:

I guess this fits under "other stuff."

Say farewell to off-market buybacks at a discount which includes juicy franked dividends. Franking will not apply as at the delivery of last night's Budget.

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