Dividend Yield Scan (11 October 2016 - 45 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
AIZ Air New Zealand Limited NZ $1.695 11.10% Hold -33.10%
SWM Seven West Media Limited $0.73 10.96% Hold -9.90%
GMA Genworth Mortgage Insurance Australia Limited $2.73 10.26% Buy -22.20%
CMW Cromwell Property Group Stapled $0.92 9.01% Strong Sell 0.40%
GEM G8 Education Limited $3.05 7.87% Buy 0.00%
DUE Duet Group Forus $2.34 7.69% Hold 3.60%
SPO Spotless Group Holdings Limited $1.115 7.62% Hold 1.20%
GNE Genesis Energy Limited NZX $1.95 7.56% N/A 1.10%
NAB National Australia Bank Limited $28.29 7.00% Hold -0.50%
BOQ Bank of Queensland Limited $10.96 6.93% Hold 1.30%
CQR Charter Hall Retail Reit Unit $4.18 6.72% Strong Sell 3.00%
IFL Ioof Holdings Limited $8.59 6.35% Hold 1.70%
CSR CSR Limited $3.74 6.28% Hold -2.70%
SKT SKY Network Television Limited NZ $4.56 6.21% N/A -0.80%
ANZ Australia And New Zealand Banking Group Limited $28.28 6.19% Buy -6.20%
GOZ Growthpoint Properties Australia Stapled $3.32 6.18% Hold -1.50%
SPK Spark New Zealand Limited NZX $3.28 6.16% Sell -0.80%
PTM Platinum Asset Management Limited $5.20 6.15% Sell 1.20%
BEN Bendigo And Adelaide Bank Limited $11.10 6.13% Hold 1.90%
TLS Telstra Corporation Limited $5.07 6.11% Hold 2.40%
WBC Westpac Banking Corporation $30.77 6.11% Buy 0.80%
WAM WAM Capital Limited $2.42 5.99% N/A N/A
ABP Abacus Property Group Stapled $2.84 5.99% Hold 2.00%
SKI Spark Infrastructure Group Forus $2.22 5.97% Hold N/A
HVN Harvey Norman Holdings Limited $5.07 5.92% Hold -29.50%
VCX Vicinity Centres Stapled $3.02 5.86% Hold 2.10%
CBA Commonwealth Bank of Australia $74.62 5.63% Hold 1.10%
SCP Shopping Centres Australasia Property Group Stapled $2.18 5.60% Strong Sell 3.50%
CWN Crown Resorts Limited $13.14 5.52% Hold -6.00%
AST Ausnet Services Limited $1.56 5.47% N/A 2.90%
CHC Charter Hall Group Forus $4.96 5.42% Hold 4.20%
BWP BWP Trust Ord Units $3.10 5.42% Strong Sell 2.90%
SUN Suncorp Group Limited $12.57 5.41% Hold 4.50%
CNU Chorus Limited NZX $3.43 5.40% N/A 8.70%
PPT Perpetual Limited $47.86 5.33% Hold 3.40%
SGP Stockland Stapled $4.60 5.33% Hold 3.00%
STO Santos Limited $3.79 5.28% Buy -69.30%
MMS Mcmillan Shakespeare Limited $12.17 5.18% Buy 3.10%
AZJ Aurizon Holdings Limited $4.77 5.16% Hold -0.20%
AMP AMP Limited $5.43 5.16% Strong Buy 3.40%
APA APA Group Stapled $8.08 5.14% Hold 6.60%
DXS Dexus Property Group Stapled $8.75 4.97% Hold 2.80%
MCY Mercury NZ Limited NZX $2.73 4.70% N/A -8.20%
MEZ Meridian Energy Limited NZX $2.57 4.55% N/A 4.90%
AWC Alumina Limited $1.47 4.30% Hold -12.70%

* Share prices as at previous close. 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.



Follow us to get
Dividend Yield scans in your feed