Dividend Yield Scan (16 May - 40 Results)

The dividend yield scan locates the highest yielding ASX listed stocks with the best fundamentals from the top ~150 largest companies.

After filtering for size and yield, the average analyst recommendation can be used to help identify companies with poor fundamentals. The list is not definitive; it simply provides a starting point for locating high yielding companies that may warrant further investigation.

The Scan

1.   Market capitalisation $1b+
2.   Dividend yield 5.0%+
3.   Cross-match broker consensus
4.   Rank by dividend yield


Caution

A high dividend yield can indicate:
•   A falling share price
•   A company with limited growth prospects
•   A once-off or special dividend

Consensus Recommendation
Data is supplied by FNArena who monitor 8 major broking firms daily.
See the Consensus Data blog for details on how these broker averages are calculated.

Dividend Yield
Last 12 months dividends, divided by the current share price.

DPS Growth
The forecasted average annual growth in dividends per share for the next 2 years.

Code Company Price Yield Consensus DPS Growth
GMA Genworth Mortgage Insurance Australia Limited $3.00 9.33% Hold -24.60%
SKT SKY Network Television Limited NZ $3.39 9.25% N/A -0.80%
CMW Cromwell Property Group Stapled $0.97 8.62% N/A 1.20%
SWM Seven West Media Limited $0.74 8.11% Sell -20.90%
TAH Tabcorp Holdings Limited $4.67 7.92% Hold 2.60%
HVN Harvey Norman Holdings Limited $3.94 7.87% Hold 0.80%
AIZ Air New Zealand Limited NZX $2.56 7.39% Hold -31.40%
PTM Platinum Asset Management Limited $4.40 7.05% Strong Sell -8.70%
TLS Telstra Corporation Limited $4.40 7.05% Hold -1.60%
GNE Genesis Energy Limited NZX $2.14 6.90% N/A 0.90%
GEM G8 Education Limited $3.48 6.90% N/A -6.50%
FMG Fortescue Metals Group LTD $4.71 6.79% Hold 40.30%
CQR Charter Hall Retail Reit Unit $4.34 6.50% N/A 2.30%
NEC Nine Entertainment Co. Holdings Limited $1.32 6.44% Hold -4.30%
VCX Vicinity Centres Stapled $2.76 6.38% Hold 0.60%
BOQ Bank of Queensland Limited $11.94 6.37% Hold 1.30%
GOZ Growthpoint Properties Australia Stapled $3.30 6.33% N/A 3.40%
AHG Automotive Holdings Group Limited $3.69 6.10% Buy 6.80%
NAB National Australia Bank Limited $32.64 6.07% Hold 0.10%
CSR CSR Limited $4.29 6.06% Hold -10.10%
DUE Duet Group Forus $0.00 6.04% Hold 2.70%
SPK Spark New Zealand Limited NZX $3.41 6.01% N/A -5.00%
BWP BWP Trust Ord Units $2.94 5.83% N/A 1.30%
VOC Vocus Group Limited $2.44 5.74% Hold -5.60%
WBC Westpac Banking Corporation $32.83 5.73% Hold 0.50%
IFL Ioof Holdings Limited $9.14 5.69% Hold -1.70%
SPO Spotless Group Holdings Limited $1.12 5.67% Sell -33.40%
BEN Bendigo And Adelaide Bank Limited $12.22 5.57% Strong Sell 1.90%
SCP Shopping Centres Australasia Property Group Stapled $2.30 5.48% N/A 5.50%
ANZ Australia And New Zealand Banking Group Limited $29.41 5.44% Hold 1.00%
CWN Crown Resorts Limited $12.82 5.42% Hold -10.60%
AMP AMP Limited $5.21 5.37% Hold 1.00%
SXL Southern Cross Media Group Limited $1.35 5.37% Hold 8.90%
SGP Stockland Stapled $4.72 5.28% Hold 4.40%
SUL Super Retail Group Limited $8.16 5.27% Strong Buy 8.00%
ABP Abacus Property Group Stapled $3.36 5.13% N/A 4.30%
CBA Commonwealth Bank of Australia $82.24 5.12% Hold 1.00%
MQG Macquarie Group Limited $91.84 5.12% Hold 3.80%
SCG Scentre Group Stapled $4.23 5.04% Hold 2.00%
AST Ausnet Services Limited $1.755 4.93% Hold 6.40%

* Share prices and and yield data as at previous close. Consensus broker data as at today's date. A high dividend yield ratio is not always indicative of a companies future earnings or yield. If income is a priority in your investment strategy then it may be prudent to wait until a companies dividend is declared and an ex-dividend date is announced.



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