Rio Tinto, REA, JB Hi-Fi sitting on franking credit war chest
Joanne TranMarkets reporter
Investors are urging boards to strike the right balance between shareholder returns and growth as the bounty of excess franking credits sitting idle on company balance sheets swells.
Morgan Stanley has identified Rio Tinto, REA, JB Hi-Fi, Mineral Resources and Ramsay Health Care as having the largest excess franking credit balances per share, based on their last disclosed tally divided by shares on issue.
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Joanne Tran is a markets reporter for The Australian Financial Review in the Sydney newsroom. Connect with Joanne on Twitter. Email Joanne at jo.tran@afr.com
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