Ask Colin

5% apply to only fully franked dividends?

The scan is a fairly blunt instrument. You can refine it by being specific about franked verus non-franked and whether you use the grossed up dividend etc.

I use the basic dividend and ignore franking at the scan stage, simply because that is the most readily available data. I am only looking for a list of prospects. Once you have the list and sort out the small sample of the best ones, then you can do more precise work on each one. Franked vs. unfranked dividends might be the decisive factor when the final choice is made between stocks on your short list.