Quote Originally Posted by Kiwimm View Post
I am trying to work out the dividend calculation for the MELCA dividend received yesterday.

Dividend per share = 4.19c
Imputation Credit = 1.66c (25.93%)
Tax @33% = -1.87
Net Dividend = 3.79c

My question is where does the 25.93% come from for the imputation credit? States in the interim report that this is 90% of the corporation tax rate.

And why is not imputation not 100% of corporation tax?
Snoopy's calculation is correct.

However your 1.66c Imputation Credit is wrong - the attached imputation credit amount is 1.467c per share.

Total dividend 4.19 + 1.467 = 5.657c
1.467 as a % of 5.657 = 25.93%

[100% imputation of 4.19c = 0.28 * ( 4.19 / 0.72) = 1.6294c
1.467 as a % of 1.6294 = 90.03%]

Best Wishes
Paper Tiger