Dividend Yield Scan (16 September - 41 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.   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. Dividend data supplied by the ASX. Gross Yield calculated by Market Index.

Code Company Price Yield Gross Consensus DPS Gr.
YAL Yancoal Australia Ltd $2.00 15.78% 15.78% Hold 1
NHC New Hope Corporation Ltd $1.285 11.67% 16.67% Buy 1
VCX Vicinity Centres $1.38 11.34% 11.34% Hold 1
BEN Bendigo and Adelaide Bank Ltd $6.15 10.73% 15.33% Sell 1
WBC Westpac Banking Corporation $16.72 10.41% 14.87% Hold 1
SCG Scentre Group $2.21 10.23% 10.23% Hold 1
FMG Fortescue Metals Group Ltd $17.70 9.94% 14.20% Hold 1
CGF Challenger Ltd $3.63 9.78% 13.97% Hold 1
IFL IOOF Holdings Ltd $3.09 8.90% 12.71% Buy 1
COF Centuria Office REIT $2.07 8.60% 8.60% N/A 1
PTM Platinum Asset Management Ltd $3.24 7.41% 10.58% Strong Sell 1
PDL Pendal Group Ltd $5.44 7.35% 7.67% Strong Buy 1
WAM WAM Capital Ltd $2.13 7.28% 10.39% N/A 1
SYD Sydney Airport $5.45 7.16% 7.16% Buy 1
CQR Charter Hall Retail REIT $3.50 7.01% 7.01% Hold 1
SKI Spark Infrastructure Group $2.12 6.84% 6.84% Buy 1
AGL AGL Energy Ltd $14.50 6.76% 9.08% Sell 1
ABP Abacus Property Group $2.80 6.61% 6.61% Buy 1
NAB National Australia Bank Ltd $17.16 6.59% 9.41% Buy 1
WPL Woodside Petroleum Ltd $18.17 6.57% 9.39% Buy 1
GOZ Growthpoint Properties Australia $3.36 6.49% 6.61% Buy 1
SGP Stockland $3.74 6.44% 6.44% Hold 1
AZJ Aurizon Holdings Ltd $4.33 6.33% 8.23% Strong Buy 1
AWC Alumina Ltd $1.485 6.30% 8.99% Buy 1
GNE Genesis Energy Ltd $2.59 6.09% 6.09% N/A 1
ANZ Australia and New Zealand Banking Group Ltd $17.35 6.05% 8.05% Buy 1
CIP Centuria Industrial REIT $3.12 5.99% 5.99% Hold 1
CEN Contact Energy Ltd $0.00 5.99% 5.99% N/A 1
ORA Orora Ltd $2.33 5.85% 6.29% Hold 1
GPT GPT Group $3.93 5.77% 5.77% Buy 1
DXS Dexus $9.03 5.57% 5.79% Buy 1
RIO RIO Tinto Ltd $102.13 5.54% 7.92% Hold 1
SCP Shopping Centres Australasia Property Group $2.26 5.53% 5.53% Hold 1
PPT Perpetual Ltd $28.06 5.52% 7.89% Buy 1
AST Ausnet Services Ltd $1.87 5.46% 6.62% Sell 1
ORG Origin Energy Ltd $4.62 5.41% 6.80% Strong Buy 1
SPK Spark New Zealand Ltd $4.33 5.37% 5.37% N/A 1
WOR Worley Ltd $9.36 5.34% 5.34% Buy 1
BOQ Bank of Queensland Ltd $6.00 5.17% 7.38% Hold 1
AVN Aventus Group $2.34 5.08% 5.08% 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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