5 stocks with high unfranked yields

Financial journalist and commentator on 3AW and Sky Business
Print This Post A A A

When the dust settles after the election, yield-oriented investors may be facing a rethink on the stock market component of their income portfolio – if Labor wins the election, we know of its policy to remove cash refunds for excess franking credits paid to individuals and in superannuation funds.

There are plenty of caveats about this, not least that the tightening opinion polls show that Labor is far from a shoo-in to win the election. Even if it does win, it is not certain that it will take this policy through to actual proposed legislation, and then, far from certain that Labor could, in government, get it through both houses of Parliament.

And when this could happen is also highly uncertain: Labor intends to introduce the changes from July 2019 onwards, but a hung Parliament and/or a fresh batch of neophyte independent Senators on the cross-benches of the upper house could easily complicate matters further.

Also from this edition