Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi Team, Just checking on this comment from the weekend......I checked CNI distribution for the last few and can only see an 8% Franking. However, you say "We remain long and bullish CNI in our Active Income Portfolio, we are targeting the $2.20-2.30 area aided by the stocks estimated fully franked yield in excess of 6% over the next 12-months" Do you mean you now estimate that CNI will be Fully Franked from now? Thanks, Brian
Sorry Brian,
We were not clear enough on this. Centuria (CNI) is a stapled security, which combines a share in a company and a unit in the trust. The share component is fully franked, however there is obviously no franking in the trust component. The combined (stapled) security pays a distribution with a combined 8% of franking. The projected dividend for CNI over the coming 12 months is 7.12%
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