Dividend Yield Scan (12 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.
GMA Genworth Mortgage $2.48 9.68% 13.82% N/A 1
GEM G8 Education Limited $2.50 8.80% 12.57% Buy 1
TLS Telstra Corporation $2.75 8.36% 11.95% Hold 1
FMG Fortescue Metals Group $4.37 8.24% 11.77% Buy 1
AMP AMP Limited $3.58 8.10% 11.22% Hold 1
CMW Cromwell Prop Ordinary/Units FP Stapled Securities $1.12 7.45% 7.45% Sell 1
AVN Aventus Retail Fund Ordinary Units FP $2.24 7.26% 7.26% N/A 1
NAB National Aust. Bank $27.65 7.16% 10.23% Buy 1
BOQ Bank of Queensland $10.65 7.14% 10.19% Hold 1
HVN Harvey Norman $3.42 7.02% 10.02% Hold 1
AIZ Air New Zealand Foreign Exempt NZX $2.93 6.86% 6.86% N/A 1
GNE Genesis Energy Limited Foreign Exempt NZX $2.21 6.84% 6.84% N/A 1
SKI Spark Infrastructure Stapled $0.65 Loan Note and Unit US Prohib $2.25 6.78% 6.78% Hold 1
CQR Charter Hall Retail Units FP $4.19 6.73% 6.73% Hold 1
SGP Stockland Units/ Stapled Securities $4.05 6.54% 6.54% Buy 1
WBC Westpac Banking Corp $29.29 6.42% 9.17% Buy 1
WAM WAM Capital Limited $2.39 6.38% 9.11% N/A 1
PPT Perpetual Limited $42.75 6.32% 9.02% Hold 1
VCX Vicinity Centres Ordinary/Units FP Stapled Securities $2.62 6.22% 6.22% Buy 1
BEN Bendigo and Adelaide $11.30 6.11% 8.72% Sell 1
GOZ Growthpoint Property Unit/ Stapled Securities $3.64 6.10% 6.10% Sell 1
CSR CSR Limited $4.47 6.04% 7.66% Sell 1
AWC Alumina Limited $2.87 5.99% 8.56% Hold 1
IFL IOOF Holdings Limited $9.14 5.91% 8.44% Buy 1
SXL STHN Cross Media $1.32 5.87% 8.39% N/A 1
AST Ausnet Services Limited $1.58 5.85% 5.85% Hold 1
JBH JB Hi-Fi Limited $22.62 5.84% 8.34% Hold 1
CBA Commonwealth Bank $74.05 5.81% 8.30% Hold 1
SPK Spark New Zealand Foreign Exempt NZX $3.46 5.73% 5.73% N/A 1
REG Regis Healthcare Limited $3.38 5.72% 8.17% Buy 1
PTM Platinum Asset $5.44 5.70% 8.14% Hold 1
SCP Sca Property Group Units FP Stapled Securities $2.45 5.67% 5.67% Hold 1
ANZ ANZ Banking Group Limited $28.57 5.60% 8.00% Buy 1
SUL Super Ret Rep Limited $8.33 5.58% 7.97% Buy 1
BWP BWP Trust Ordinary Units FP $3.26 5.45% 5.45% Sell 1
PDL Pendal Group Limited $9.11 5.27% 5.73% N/A 1
SYD SYD Airport FP Stapled Securities US Prohibited $7.05 5.18% 5.18% Buy 1
AZJ Aurizon Holdings Limited $4.46 5.14% 6.23% Hold 1
MTS Metcash Limited $2.55 5.10% 7.28% Hold 1
SKC Skycity Ent Group Limited Foreign Exempt NZX $3.62 5.06% 5.06% N/A 1
CNU Chorus Limited Foreign Exempt NZX $3.96 5.02% 5.02% N/A 1
MGR Mirvac Group Stapled Securities $2.20 5.00% 5.00% Buy 1
ECX Eclipx Group Limited $3.16 4.98% 7.12% Strong Buy 1

* 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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