Company tax is scheduled to drop from 36% to 30% for the year ended 2002. This is where dividend franking is of interest. Profits and hence the dividend, franked at 36% are worth more to shareholders. Some companies, as far as I can tell have excessively large levels of franking credits available and the dropping of the tax rate will add further pressure for these to be distributed, (ie paid to shareholders). This is where your broker is handy. Your broker and analyst should be able to name you some companies with excessive franking credits, potentially payable as special dividends.