Definitions for "Franked Dividends"
Franked dividends are dividends (profit payments) paid to shareholders on which corporate tax has already been paid. Effectively this gives the shareholder tax credits that can be offset or claimed against their personal income tax liability.
dividends on shares, which include an imputation credit
Dividends paid to shareholders where all or part of the tax has been paid by the company and gives rise to tax credit to the investor. (see also Investing in shares)