Dividend Yield Scan (10 December - 30 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 $2b<
2.   Dividend yield 5.0%<
3.   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
The average recommendation of all analysts covering the company.

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

Code Company Yield Price Consensus DPS Growth
WOR WorleyParsons Limited 8.07% 10.04 Moderate Buy -2.40%
DUE DUET Group 7.07% 2.43 Strong Sell 3.20%
WPL Woodside Petroleum Limited 6.85% 34.38 Hold -23.20%
MEZCA Meridian Energy Limited 6.71% 1.62 Moderate Sell 0.30%
NVN Novion Property Group 6.43% 2.13 Moderate Sell 1.40%
AST AusNet Services 6.29% 1.33 Hold 1.20%
FMG Fortescue Metals Group Ltd 6.26% 2.55 Hold -29.80%
NAB National Australia Bank Limited 6.23% 32.6 Moderate Buy 5.50%
IAG Insurance Australia Group Limited 6.16% 6.26 Moderate Buy -2.30%
HVN Harvey Norman Holdings Ltd 6.08% 3.6 Hold 5.90%
SPK Spark New Zealand Limited 6.04% 2.8 Moderate Sell 8.40%
SUN Suncorp Group Limited 6.01% 14.02 Hold -7.30%
SCG Scentre Group 5.87% 3.43 Moderate Buy 2.40%
SGP Stockland 5.81% 4.13 Moderate Buy 0.00%
BOQ Bank of Queensland Limited 5.80% 11.98 Moderate Buy 9.20%
FDC Federation Centres 5.80% 2.77 Moderate Sell 5.00%
ANZ Australia & New Zealand Banking Group Ltd 5.75% 31.88 Moderate Buy 5.50%
IFL IOOF Holdings Limited 5.66% 8.84 Moderate Buy 10.40%
SKI Spark Infrastructure Group 5.64% 1.95 Not Rated --
WBC Westpac Banking Corporation 5.63% 33.06 Hold 4.50%
DXS Dexus Property Group 5.62% 6.97 Hold 6.70%
CCL Coca-Cola Amatil Limited 5.51% 8.8 Moderate Sell -15.30%
ORI Orica Limited 5.49% 17.48 Hold -1.60%
SKT Sky Network Television Limited 5.36% 5.67 Hold 14.40%
TLS Telstra Corporation Limited 5.27% 5.64 Hold 0.80%
IOF Investa Office Fund 5.27% 3.57 Hold 3.80%
BEN Bendigo and Adelaide Bank Limited 5.19% 12.68 Hold 5.80%
SKC SkyCity Entertainment Group Limited 5.18% 3.66 Moderate Buy 2.90%
MGR Mirvac Group 5.12% 1.8 Moderate Buy 2.70%
CBA Commonwealth Bank of Australia 5.02% 82.02 Hold 5.30%

* 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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