Dividend Yield Scan (14 March 2017 - 40 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
GMA Genworth Mortgage Insurance Australia Limited $2.86 9.79% Buy -24.60%
SKT SKY Network Television Limited NZ $3.50 8.95% N/A -0.60%
AIZ Air New Zealand Limited NZ $2.14 8.84% Hold -31.20%
CMW Cromwell Property Group Stapled $0.955 8.78% Strong Sell 1.20%
SWM Seven West Media Limited $0.715 8.39% Sell -20.90%
TAH Tabcorp Holdings Limited $4.60 8.04% Hold 2.60%
GNE Genesis Energy Limited NZX $1.965 7.59% N/A 0.80%
TLS Telstra Corporation Limited $4.65 6.67% Hold 0.40%
GOZ Growthpoint Properties Australia Stapled $3.14 6.66% Sell 2.90%
CQR Charter Hall Retail Reit Unit $4.24 6.65% Hold 2.30%
DUE Duet Group Forus $2.78 6.57% Hold 2.70%
VCX Vicinity Centres Stapled $2.73 6.45% Hold 0.70%
BOQ Bank of Queensland Limited $11.82 6.43% Hold 1.30%
IFL Ioof Holdings Limited $8.30 6.27% Hold -1.10%
BWP BWP Trust Ord Units $2.75 6.23% Strong Sell 1.30%
SPK Spark New Zealand Limited NZX $3.34 6.20% Sell -4.80%
HVN Harvey Norman Holdings Limited $5.06 6.13% Hold 0.80%
PTM Platinum Asset Management Limited $5.13 6.04% Sell -2.10%
CWN Crown Resorts Limited $11.51 6.04% Buy -9.00%
NAB National Australia Bank Limited $33.14 5.98% Hold -0.90%
GEM G8 Education Limited $4.03 5.96% Strong Buy -6.50%
SCP Shopping Centres Australasia Property Group Stapled $2.17 5.81% Sell 5.50%
BEN Bendigo And Adelaide Bank Limited $11.72 5.80% Strong Sell 1.90%
AMP AMP Limited $4.94 5.67% Buy 1.00%
CSR CSR Limited $4.48 5.58% Hold 3.40%
SXL Southern Cross Media Group Limited $1.31 5.53% Hold 8.90%
SGP Stockland Stapled $4.50 5.53% Hold 4.40%
ABP Abacus Property Group Stapled $3.15 5.48% Hold 4.30%
AHG Automotive Holdings Group Limited $4.17 5.40% Buy 6.10%
WBC Westpac Banking Corporation $35.13 5.35% Hold 0.50%
SUN Suncorp Group Limited $13.31 5.33% Buy 4.60%
AST Ausnet Services Limited $1.645 5.26% Hold 3.60%
CNU Chorus Limited NZX $3.71 5.21% N/A 6.00%
FMG Fortescue Metals Group LTD $6.15 5.20% Hold 43.50%
MMS Mcmillan Shakespeare Limited $12.50 5.20% Buy 3.90%
CHC Charter Hall Group Forus $5.40 5.19% Hold 5.10%
SCG Scentre Group Stapled $4.15 5.13% Hold 2.00%
SYD Sydney Airport Forus $6.10 5.08% Hold 9.80%
ANZ Australia And New Zealand Banking Group Limited $31.89 5.02% Hold 0.90%
WPP WPP Aunz LTD $1.22 4.92% Buy 8.40%

* Share prices and and yield data as at previous close. 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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