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Taking into account personal tax, do you think that the Vanguard Australian Shares High Yield ETF (VHY) estimated fully franked dividend of about 4.3% is in fact more like 3% (assuming I pay 30% tax)?

I believe that generally fully franked ETFs do not pay the 30% Corporate tax rate like say Telstra, also fully franked. Instead individual investors must declare such untaxed ETF dividends in their tax own return. So, does that mean that the Vanguard Australian Shares High Yield ETF (VHY) estimated fully franked dividend of about 4.3% is in fact more like 3% (assuming I pay 30% tax).


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