Milton Corporation Limited (ASX:MLT) is a listed investment company (LIC) which has been operating since 1938 and listed on the stock exchange in 1958. Milton invests on behalf of its shareholders into other shares on the ASX and is internally managed by directors and management – this structure keeps costs lower. It aims to pay a fully franked dividend every year to pass through most of the investment gains to shareholders.
The listed investment company (LIC) industry is rising as investors celebrate keeping their franking credits.
It has been widely discussed over the last year that SMSF investors are concerned about possible changes to the treatment of franking credits. Many LICs
Is the Argo Investments Limited (ASX:ARG) share price a buy with the LIC reporting its half year report to December 2018?
