There's been a lot of talk this week about the changes that Labor would make to franking credits if it won the election.
While I think the changes would be a big negative to many retirees, it is worth remembering that it would be some time until this was put into place. And let's not forget also that Labor would still need to win an election to be given the opportunity to do so.
Because of this, I don't think investors should be too concerned about things just yet and ought to continue as normal.
With that in mind, here are a couple of high-yield fully franked dividend shares I would consider buying today:
Dicker Data Ltd (ASX: DDR)
Earlier this month this founder-led computer software and hardware wholesale distributor released its earnings and dividend guidance for the year ahead. According to the release, Dicker Data expects to achieve a 6% increase in earnings in FY 2018. This growth would have been stronger had its New Zealand business not been negatively impacted by the loss of its Cisco contract. Despite this, management has decided to lift its dividend by 10% year-on-year to 18 cents per share. This equates to a forward fully franked 6.25% yield.
Telstra Corporation Ltd (ASX: TLS)
Investors appear to have been selling their Telstra shares this week after Labor made its announcement, driving its share price down to within a whisker of a multi-year low. I think this has created a buying opportunity and would suggest investors consider snapping up shares ahead of rival TPG Telecom Ltd (ASX: TPM). After all, I don't think the company's future is as bleak as many make it out to be due to the potential for significant cost savings, improved NBN margins, and the arrival of 5G internet. As a result, I believe it can at least maintain its 22 cents per share dividend for the next two to three years. This payout equates to 6.7% yield at the current share price.
