Dividend Yield Scan (6 December - 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 $2.23 11.71% 16.74% Hold
WHC Whitehaven Coal $2.69 10.41% 10.86% Buy
ZEL Z Energy Limited Foreign Exempt NZX $4.70 9.45% 9.45% N/A
YAL Yancoal Aust Limited $2.93 8.98% 8.98% N/A
BOQ Bank of Queensland $7.46 8.71% 12.45% Strong Sell
NHC New Hope Corporation $2.02 8.42% 12.02% Buy
AIZ Air New Zealand Foreign Exempt NZX $2.70 7.76% 7.76% N/A
HVN Harvey Norman $4.26 7.75% 11.07% Sell
ZIM Zimplats Holding Limited 10c US $11.40 7.70% 7.70% N/A
SKI Spark Infrastructure Stapled $0.65 Loan Note and Unit US Prohib $2.04 7.60% 7.60% Hold
WBC Westpac Banking Corp $24.33 7.15% 10.22% Hold
BEN Bendigo and Adelaide $9.86 7.10% 10.14% Strong Sell
WAM WAM Capital Limited $2.23 6.95% 9.93% N/A
NAB National Aust. Bank $25.41 6.53% 9.33% N/A
PPT Perpetual Limited $38.47 6.50% 9.28% Sell
ANZ ANZ Banking Group Limited $24.70 6.48% 8.84% Hold
PTM Platinum Asset $4.19 6.44% 9.21% Strong Sell
CQR Charter Hall Retail Units FP $4.50 6.39% 6.39% Hold
CMW Cromwell Prop FP Ordinary/Units Stapled Securities $1.22 5.99% 5.99% Strong Sell
AST Ausnet Services Limited $1.67 5.96% 7.18% Hold
VCX Vicinity Centres FP Ordinary/Units Stapled Securities $2.63 5.95% 5.95% Hold
AGL AGL Energy Limited $20.24 5.88% 7.90% Sell
SCG Scentre Group FP Ordinary/Units Stapled Securities $3.85 5.81% 6.16% Hold
AVN Aventus Group FP Ordinary/Units Stapled Securities $2.90 5.76% 5.76% Hold
ABC Adelaide Brighton $3.50 5.71% 8.16% Sell
JHG Janus Henderson Chess Depositary Interests 1:1 $36.49 5.67% 5.67% N/A
PDL Pendal Group Limited $8.06 5.58% 5.82% Hold
SCP Sca Property Group FP Units Stapled Securities $2.64 5.57% 5.57% Sell
SGP Stockland FP Ordinary/Units Stapled Securities $4.96 5.57% 5.56% Sell
CMA Centuria Metro REIT Ordinary Units FP $3.18 5.51% 5.51% Hold
CBA Commonwealth Bank $78.62 5.48% 7.83% Sell
SUN Suncorp Group Limited $12.95 5.41% 7.72% Hold
BLD Boral Limited $4.92 5.39% 6.54% Hold
WPL Woodside Petroleum $33.57 5.37% 7.67% Buy
GOZ Growthpoint Property FP Ordinary/Units Stapled Securities $4.37 5.26% 5.26% N/A
GNE Genesis Energy Limited Foreign Exempt NZX $2.99 5.22% 5.22% N/A
BHP BHP Group Limited $37.41 5.13% 7.32% Hold
SUL Super Ret Rep Limited $9.79 5.11% 7.30% Buy
MMS Mcmillan Shakespeare $14.57 5.08% 7.26% N/A
CIP Centuria I REIT Ordinary Units FP $3.64 5.07% 5.07% Hold
SKC Skycity Ent Group Limited Foreign Exempt NZX $3.74 5.07% 5.07% N/A
NSR National Storage FP Ordinary/Units Stapled Securities $1.905 5.04% 5.04% Sell
CEN Contact Energy Limited Foreign Exempt NZX $6.97 5.01% 5.01% N/A

* 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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