Liking your information and reading. Can you tell me what are the highest franking dividend paying companies and also ones that have unused dividends/credits please should I want to invest? Thank you.
A: According to research by Macquarie, it recently named the 8 highest dividend yielding companies (grossed up for franking credits) as:
- Fortescue Metals
- Nick Scali
- BHP
- Super Retail Group
- Jupiter Mines
- Rio Tinto
- Cromwell Property
- Aurizon Holdings
You do need to be careful with mining companies, and need to look through a couple of years.
In terms of franking credits, they nominated these companies as having the highest available (as a percentage of market cap):
- New Hope
- Southern Cross Media
- Ainsworth
- Mincor Resources
- Emeco Holdings
- BHP
- Peet
- Mineral Resources
