Shareholders with BHP shares will be receiving information inviting them to take part in the share buy back. The buy back will be at a discount to the current market value and will consist of 28 cents capital component and the balance a fully franked dividend. This will not suit most shareholders but those who could benefit include:
And if you are thinking of going out today and buying some BHP shares you are too late. You will not be entitled to the benefit of the franking credit. This link takes you to a handy calculator.