Franking credits - company list

Discussion in 'Share Investing Strategies, Theories & Education' started by Alex_Alex, 21st Mar, 2017.

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  1. Alex_Alex

    Alex_Alex Active Member

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    Hello,

    There is a lot of chat here about the benefits of franking credits. I buy based on this and have been doing so using Norgate Premium Data. They had a list of companies paying franking credits but no longer support it.

    There is a site HERE that is quite good but I don't think they all are listed.

    Wondering if anyone who's where I can find a comprehensive list of companies paying franking credits please?
     
    Alex_Alex, 21st Mar, 2017
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  2. Marg4000

    Marg4000 Well-Known Member

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    Tax benefits are only one aspect of an investment choice.
    Marg
     
    Marg4000, 21st Mar, 2017
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  3. Alex_Alex

    Alex_Alex Active Member

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    OT but interesting point and spot on, it's one aspect and using Norgate Premium Data may have tweaked as to what else I do :)
     
    Alex_Alex, 21st Mar, 2017
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  4. JasonC

    JasonC Well-Known Member

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    Comsec data? Even if you don't use Comsec, you could sign up for a free account to get access to their data (preferably on one of the $xxx free brokerage deals).

    Regards,

    Jason
     
    JasonC, 21st Mar, 2017
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  5. Alex_Alex

    Alex_Alex Active Member

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    Jason, didn't think to even look there.

    I've had a Comsec account for years but never use it. Will have a look.

    Thanks.
     
    Alex_Alex, 21st Mar, 2017
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  6. Phase2

    Phase2 Well-Known Member

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    Companies don't pay franking credits. Ever. Because it's impossible.

    Companies either pay full tax on their dividend distributions (100% franked).. or some tax (x% franked) or no tax.

    A franking credit is something that a shareholder receives when the dividend distributions are paid. The shareholder can claim a franking credit against tax payable when they submit their tax return.
     
    Phase2, 21st Mar, 2017
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  7. Alex_Alex

    Alex_Alex Active Member

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    Thanks for correcting my words Phase2 and nothing to do with a list. Looks like it's not available.

    Cheers.
     
    Alex_Alex, 21st Mar, 2017
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  8. JasonC

    JasonC Well-Known Member

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    Had a quick look and franking level is available in Commsec's Stock Screener and Company Comparison tools.

    Regards,

    Jason
     
    JasonC, 21st Mar, 2017
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  9. Alex_Alex

    Alex_Alex Active Member

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    Thanks Jason. I looked before but missed "Stock Screener" :)

    That's it!
    Cheers.

    2017-03-21_173329.jpg
     
    Alex_Alex, 21st Mar, 2017
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  10. Phase2

    Phase2 Well-Known Member

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    I wasn't correcting your words. Your original post read as though you understood the benefits of FC's but it didn't read as though you understood what they really are. I figured I'd just clarify that, especially for others viewing the thread that might not know either.

    Morningstar also have a free subscription. You don't get a list that shows %franked like Commsec, but you can sort based on yield / etc and then just click on whichever company you like the look of and check the dividend history.
     
    Phase2, 21st Mar, 2017
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  11. Chris Au

    Chris Au Well-Known Member

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    Thanks for the screenshot. Newbie question - how can you get 150% franking %??
     
    Chris Au, 21st Mar, 2017
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  12. Perthguy

    Perthguy Well-Known Member

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    That's what I was thinking. Typo? marketindex gives a franking level of 50% to KAT

    http://www.marketindex.com.au/asx/kat
     
    Perthguy, 21st Mar, 2017
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  13. Alex_Alex

    Alex_Alex Active Member

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    Thanks. I wasn't thinking about the franked dividend arrangement when I wrote it, just about a list :)
     
    Alex_Alex, 21st Mar, 2017
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  14. Alex_Alex

    Alex_Alex Active Member

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    Same here and I noticed in the 371 stocks there were a couple with negative franking too. Seems odd :)
     
    Alex_Alex, 21st Mar, 2017
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  15. Perthguy

    Perthguy Well-Known Member

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    You could always verify against marketindex data which I believe is reliable.
     
    Perthguy, 21st Mar, 2017
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  16. Propertyman

    Propertyman Well-Known Member

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    Hi does anyone know if Nabtrade have a similar feature to Commsecs stock screener?
     
    Propertyman, 21st Mar, 2017
    #16