Do I have to pay tax on dividends I reinvest through a DRP?

Yes. A dividend reinvestment plan converts your cash dividend into new shares instead of paying it to your bank account, but it's still assessable income in the year it's paid — you're taxed as if you received the cash and then used it to buy more shares.

What's the difference between a franked and unfranked dividend?

A franked dividend comes with a franking credit attached, representing company tax already paid on that profit — you gross up the dividend to include the credit in your taxable income, then claim the credit as a tax offset. An unfranked dividend has had no company tax paid on it (or the company hasn't passed the credit on), so you're taxed on the cash amount alone with no offset.

Do I need to track dividends if my broker already reports them?

Many brokers report annual totals, but a running tracker catches errors early, works across multiple brokers and holdings in one place, and gives you a financial-year view (not just calendar year) that matches how the ATO wants the numbers.

What happens if my franking credits are more than the tax I owe?

Excess franking credits are refundable in Australia — if your total tax bill is less than your franking credits, the ATO refunds the difference. This is common for retirees and low-income earners with a share portfolio.

Can I export my dividend tracker data for my accountant?

Yes — the tracker exports a CSV of every payment for the financial year, including the cash amount, franking percentage and calculated franking credit, so you (or your accountant) can drop the totals straight into your tax return.

Dividend Tracker

Track every dividend payment, auto-calculate franking credits and get tax-ready reports for your accountant. Built for Australian investors.

Everything you need for dividend tracking

Auto Franking Credits

Franking credits calculated instantly. See the grossed-up value you need for your tax return without manual calculations.

Financial Year View

Switch between calendar year and Australian financial year (July-June). Perfect for tax time preparation.

Stock Breakdown

See which stocks are paying you the most. Track dividends by ASX code with automatic grouping and totals.

Tax-Ready Export

Export your dividend data as CSV with franking credits included. Send directly to your accountant at tax time.

See your dividend income at a glance

Total Dividends

$2,450

Franking Credits

$892

Grossed-up

$3,342

Top Stock

CBA

Example data shown. Your actual totals will appear here.

Start tracking your dividends today

Every payment with its franking credit worked out, ready for tax time.

Back to Trackers

Official sources

Franking credit calculations follow the ATO's dividend imputation rules at the standard 30% (or 25% base-rate entity) corporate tax rate.

How to Use This Calculator

1Add each dividend payment as you receive it — the amount, the stock or ETF code, and its franking percentage
2Switch between calendar year and Australian financial year (1 July – 30 June) to match how you report income
3Check the franking credit and grossed-up dividend the tracker works out automatically for each payment
4At tax time, export your full year's dividend history as a CSV with franking credits included, ready for your tax return or your accountant

What is a dividend tracker?

A dividend tracker is a running log of every dividend payment you receive from ASX-listed shares and ETFs, together with the details the ATO needs at tax time — the payment date, the cash amount, and whether (and how much) tax the company already paid on your behalf through franking credits.

Keeping this log as dividends land, rather than reconstructing a year of payments from bank statements and dividend statement PDFs every July, is the difference between a five-minute tax return and an afternoon spent hunting for missing paperwork.

The tracker groups everything by stock and by financial year, so you can see at a glance which holdings are actually paying you and what your total franked and unfranked income looks like before you sit down to lodge.

What the tracker calculates for you

Franking credit: The tax the company already paid on the dividend, worked out from the cash amount and franking percentage you enter at the 30% corporate rate. Companies taxed at the 25% base rate carry a smaller credit — check your dividend statement and enter that figure if it differs.
Grossed-up dividend: Cash dividend plus franking credit — this is the figure that actually counts as assessable income on your tax return, not the amount that landed in your bank account.
Financial year totals: Every entry is automatically bucketed into the Australian financial year it belongs to, so your July–June totals are always ready without manual date filtering.
Per-stock breakdown: See which holdings are actually paying you, and how much, grouped by ASX code across the whole year.

Getting the most from your dividend log

•Log the franking percentage exactly as shown on the dividend statement — most large-cap ASX dividends are 100% franked, but plenty of smaller companies and LICs are only partially franked or unfranked
•If you're in a dividend reinvestment plan (DRP), the reinvested amount is still assessable income — record it the same as a cash dividend
•Keep dividend statements for five years even after you've logged the totals here — the ATO can still ask for the original evidence
•Review your per-stock totals before EOFY to check nothing paid mid-year has been missed

Frequently Asked Questions

Official Sources

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