Dividend Yield Scan (16 September - 44 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 $2.45 10.66% 15.23% Hold 1
YAL Yancoal Aust Limited $2.98 8.83% 8.83% Buy 1
ZIM Zimplats Holding Limited 10c US $10.25 8.57% 8.57% N/A 1
WHC Whitehaven Coal $3.33 8.41% 8.77% Buy 1
AIZ Air New Zealand Foreign Exempt NZX $2.53 8.28% 8.28% N/A 1
ZEL Z Energy Limited Foreign Exempt NZX $5.22 7.76% 7.76% N/A 1
HVN Harvey Norman $4.46 7.40% 10.57% Sell 1
BOQ Bank of Queensland $9.84 7.32% 10.45% Strong Sell 1
SKI Spark Infrastructure Stapled $0.65 Loan Note and Unit US Prohib $2.17 7.14% 7.14% Hold 1
PDL Pendal Group Limited $7.13 7.01% 7.40% N/A 1
WAM WAM Capital Limited $2.25 6.89% 9.84% N/A 1
PPT Perpetual Limited $36.62 6.83% 9.75% Sell 1
CQR Charter Hall Retail Units FP $4.29 6.70% 6.70% Sell 1
IFL IOOF Holdings Limited $5.63 6.66% 9.52% Hold 1
PTM Platinum Asset $4.11 6.57% 9.38% Strong Sell 1
NHC New Hope Corporation $2.50 6.40% 9.14% Buy 1
JHG Janus Henderson Chess Depositary Interests 1:1 $32.23 6.33% 6.33% N/A 1
WBC Westpac Banking Corp $29.69 6.33% 9.05% Hold 1
NAB National Aust. Bank $29.16 6.24% 8.92% Buy 1
SGP Stockland FP Ordinary/Units Stapled Securities $4.43 6.23% 6.23% Sell 1
AGL AGL Energy Limited $19.13 6.22% 8.35% Strong Sell 1
CSR CSR Limited $4.19 6.21% 8.20% Strong Sell 1
ABC Adelaide Brighton $3.24 6.17% 8.82% Hold 1
VCX Vicinity Centres FP Ordinary/Units Stapled Securities $2.59 6.14% 6.14% Hold 1
AVN Aventus Group FP Ordinary/Units Stapled Securities $2.71 6.11% 6.11% Hold 1
BEN Bendigo and Adelaide $11.47 6.10% 8.72% Strong Sell 1
CMW Cromwell Prop FP Ordinary/Units Stapled Securities $1.245 5.82% 5.82% Sell 1
CMA Centuria Metro REIT Ordinary Units FP $3.04 5.79% 5.79% Buy 1
WPL Woodside Petroleum $31.35 5.75% 8.22% Buy 1
ANZ ANZ Banking Group Limited $27.85 5.75% 8.21% Hold 1
SCP Sca Property Group FP Units Stapled Securities $2.61 5.63% 5.63% Sell 1
SCG Scentre Group FP Ordinary/Units Stapled Securities $4.00 5.60% 5.93% Hold 1
BLD Boral Limited $4.83 5.49% 6.66% Buy 1
AST Ausnet Services Limited $1.78 5.46% 6.46% Hold 1
CIP Centuria I REIT Ordinary Units FP $3.38 5.44% 5.44% Hold 1
GMA Genworth Mortgage $3.32 5.42% 6.92% Buy 1
NSR National Storage FP Ordinary/Units Stapled Securities $1.795 5.35% 5.35% Sell 1
GOZ Growthpoint Property FP Ordinary/Units Stapled Securities $4.38 5.25% 5.25% Sell 1
CBA Commonwealth Bank $82.14 5.25% 7.50% Sell 1
GEM G8 Education Limited $2.46 5.18% 7.40% Hold 1
BHP BHP Group Limited $37.13 5.17% 7.38% Hold 1
SUL Super Ret Rep Limited $9.69 5.16% 7.37% Buy 1
SUN Suncorp Group Limited $13.89 5.04% 7.20% Hold 1
RIO RIO Tinto Limited $93.29 5.04% 7.20% Hold 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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