Dividend Yield Scan (11 July - 43 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 compiled by Market Index. See the Consensus Data blog for details on how the broker averages are calculated.

Dividend Yield
Last 12 months dividends (excluding any special dividends) divided by the current share price. Data supplied by the ASX. Gross Yield calculated by Market Index.

Code Company Price Yield Gross Consensus DPS Gr.
AWC Alumina Limited $2.30 13.61% 19.44% Hold 13.40%
IFL IOOF Holdings Limited $5.33 9.85% 14.07% Hold 9.60%
YAL Yancoal Aust Limited $3.14 8.38% 8.38% Buy 5.20%
AIZ Air New Zealand Foreign Exempt NZX $2.55 8.13% 8.13% N/A 8.10%
WHC Whitehaven Coal $3.65 7.95% 7.95% Buy 9.70%
BOQ Bank of Queensland $9.34 7.71% 11.01% Sell 7.70%
HVN Harvey Norman $4.15 7.23% 10.33% Hold 6.40%
WAM WAM Capital Limited $2.20 7.05% 10.06% N/A 7.00%
AVN Aventus Group FP Ordinary/Units Stapled Securities $2.42 6.85% 6.85% Hold 6.70%
ZEL Z Energy Limited Foreign Exempt NZX $5.98 6.78% 6.78% N/A 6.80%
NAB National Aust. Bank $26.86 6.78% 9.68% Buy 6.80%
WBC Westpac Banking Corp $27.87 6.75% 9.64% Hold 6.80%
PDL Pendal Group Limited $7.46 6.70% 7.08% Buy 6.60%
SKI Spark Infrastructure Stapled $0.65 Loan Note and Unit US Prohib $2.44 6.56% 6.56% Sell 6.60%
AMP AMP Limited $2.14 6.54% 8.26% Sell 6.00%
GEM G8 Education Limited $2.81 6.41% 9.15% Buy 8.00%
CQR Charter Hall Retail Units FP $4.55 6.32% 6.32% Sell 6.30%
CMA Centuria Metro REIT Ordinary Units FP $2.83 6.22% 6.22% Buy 6.40%
JHG Janus Henderson Chess Depositary Interests 1:1 $32.27 6.21% 6.21% N/A 6.20%
BEN Bendigo and Adelaide $11.35 6.17% 8.81% Strong Sell 6.20%
CSR CSR Limited $4.22 6.16% 8.14% Sell 6.10%
PPT Perpetual Limited $43.20 6.13% 8.76% Sell 6.00%
NHC New Hope Corporation $2.61 6.13% 8.75% Buy 6.30%
SGP Stockland FP Ordinary/Units Stapled Securities $4.58 6.03% 6.03% Hold 5.90%
VCX Vicinity Centres FP Ordinary/Units Stapled Securities $2.64 6.02% 6.02% Hold 6.10%
CMW Cromwell Prop FP Ordinary/Units Stapled Securities $1.205 6.02% 6.02% Sell 6.50%
GMA Genworth Mortgage $2.90 5.86% 8.37% N/A 6.60%
ANZ ANZ Banking Group Limited $27.53 5.81% 8.30% Hold 5.80%
PTM Platinum Asset $5.00 5.80% 8.28% Sell 5.90%
AGL AGL Energy Limited $20.46 5.77% 7.74% Sell 5.70%
SCP Sca Property Group FP Units Stapled Securities $2.55 5.77% 5.76% Sell 5.60%
MMS Mcmillan Shakespeare $12.97 5.71% 8.15% Buy 5.60%
WPL Woodside Petroleum $36.02 5.55% 7.93% Buy 5.40%
SCG Scentre Group FP Ordinary/Units Stapled Securities $4.03 5.50% 5.83% Hold 5.50%
NSR National Storage FP Ordinary/Units Stapled Securities $1.775 5.41% 5.41% Hold 5.40%
CBA Commonwealth Bank $81.24 5.31% 7.58% Sell 5.30%
GOZ Growthpoint Property FP Ordinary/Units Stapled Securities $4.34 5.30% 5.30% Sell 5.20%
SUL Super Ret Rep Limited $9.25 5.30% 7.57% Hold 5.30%
SPK Spark New Zealand Foreign Exempt NZX $3.77 5.26% 5.26% N/A 5.80%
S32 SOUTH32 Limited $3.06 5.18% 7.40% Hold 5.30%
CGF Challenger Limited $6.89 5.15% 7.36% Hold 5.00%
AST Ausnet Services Limited $1.91 5.09% 6.02% Hold 5.10%
BLD Boral Limited $5.39 5.01% 6.08% Buy 4.90%

* Share prices and and yield data as at previous close. Dividend data supplied by the ASX. Gross yield calculated by Market Index. 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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