This dividend share has the most franking credits on the ASX

When it comes to ASX dividend shares, most income investors tend to focus on the trailing dividend yield a company has on offer at any one time. Sure, there is something to be said for a high yield.

Thus, it’s understandable that a company like Telstra Corporation Ltd (ASX: TLS), with its 16 cents a share dividend offering 5.23% yield, is arguably more attractive from an income standpoint than, say, Woolworths Group Ltd (ASX: WOW), which currently offers just 2.44% on current pricing.

But, almost uniquely in Australia, the dividend yield of an ASX share isn’t the only thing that matters for income investors. There’s also the franking credits. Franking is a system that most other countries don’t have. It means that…