Dividend Yield Scan (17 February 2017 - 39 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
SWM Seven West Media Limited $0.74 10.81% Hold -9.9%
GMA Genworth Mortgage Insurance Australia Limited $2.92 9.59% Buy -26.1%
AIZ Air New Zealand Limited NZ $2.00 9.41% Hold -32.1%
SPO Spotless Group Holdings Limited $0.935 9.09% Hold -8.5%
TAH Tabcorp Holdings Limited $4.35 8.51% Hold 2.6%
CMW Cromwell Property Group Stapled $1.015 8.26% N/A 1.2%
SKT SKY Network Television Limited NZ $4.16 7.53% N/A -0.5%
GNE Genesis Energy Limited NZX $2.02 7.24% N/A 1.3%
GEM G8 Education Limited $3.56 6.74% Strong Buy 0%
BOQ Bank of Queensland Limited $11.46 6.63% Hold 1.3%
GOZ Growthpoint Properties Australia Stapled $3.16 6.61% Hold 2.9%
CQR Charter Hall Retail Reit Unit $4.27 6.60% Sell 3%
DUE Duet Group Forus $2.79 6.54% Hold 2.7%
IFL Ioof Holdings Limited $8.39 6.50% Hold 1.7%
PTM Platinum Asset Management Limited $5.00 6.40% Strong Sell -1.6%
TLS Telstra Corporation Limited $4.85 6.39% Hold 1.2%
CWN Crown Resorts Limited $11.62 6.24% Buy -11.7%
NAB National Australia Bank Limited $31.83 6.22% Hold -0.9%
SPK Spark New Zealand Limited NZX $3.30 6.12% N/A -4.8%
VCX Vicinity Centres Stapled $2.89 6.09% Hold 1%
BWP BWP Trust Ord Units $2.89 5.93% Strong Sell 1%
HVN Harvey Norman Holdings Limited $5.16 5.81% Hold 1.8%
ABP Abacus Property Group Stapled $2.98 5.79% N/A 4.3%
CSR CSR Limited $4.34 5.76% Hold 3.1%
SCP Shopping Centres Australasia Property Group Stapled $2.20 5.73% Sell 5.5%
CHC Charter Hall Group Forus $4.95 5.66% Hold 3.6%
AHG Automotive Holdings Group Limited $4.00 5.63% N/A 4.7%
WBC Westpac Banking Corporation $33.65 5.59% Hold 0.4%
BEN Bendigo And Adelaide Bank Limited $12.33 5.52% Strong Sell 1.9%
SGP Stockland Stapled $4.53 5.50% Buy 4.4%
AMP AMP Limited $5.24 5.34% Buy -0.2%
PPT Perpetual Limited $48.10 5.30% Hold 3.8%
AST Ausnet Services Limited $1.635 5.30% Hold 3.6%
ANZ Australia And New Zealand Banking Group Limited $30.21 5.30% Hold 0.7%
SUN Suncorp Group Limited $13.72 5.18% Buy 3.9%
AZJ Aurizon Holdings Limited $5.24 5.13% Hold 2%
SYD Sydney Airport Forus $6.08 5.10% Hold 15.5%
FLT Flight Centre Travel Group Limited $30.33 5.01% Hold -1.6%
APA APA Group Stapled $8.61 4.99% Hold 6.7%

* 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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