Maybe many of those individual shareholders own 5,000 shares, are subject to the 39% or 47% marginal tax rate and don’t want to pay 9% or 17% top up tax on a franked dividend?
Maybe some shareholders own 1,000,000 shares via super, and prefer a dividend because they get a refund of the franking credit.
Point is regardless of what a bot says, it is a shareholders individual circumstances that will determine whether from a tax perspective they prefer a dividend vs. buy back.
Maybe many of those individual shareholders own 5,000 shares,...
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Last
$4.95 |
Change
0.270(5.77%) |
Mkt cap ! $4.252B | |||
| Open | High | Low | Value | Volume |
| $4.75 | $5.05 | $4.71 | $30.63M | 6.216M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9779 | $4.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.96 | 13749 | 3 |
View Market Depth
| Last trade - 16.10pm 20/05/2024 (20 minute delay) ? |
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Last
$4.95 |
Change
0.270 ( 5.98 %) |
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| Open | High | Low | Volume | ||
| $4.74 | $5.05 | $4.72 | 1592566 | ||
| Last updated 15.59pm 20/05/2024 ? | |||||
| NHC (ASX) Chart |