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?
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