Dividend Yield Scan (17 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.
HVN Harvey Norman $3.44 8.72% 12.46% Hold 1
AWC Alumina Limited $2.75 8.59% 12.28% Buy 1
GMA Genworth Mortgage $2.51 7.91% 11.38% Buy 1
AMP AMP Limited $3.13 7.80% 10.30% Hold 1
AVN Aventus Retail Fund Ordinary Units FP $2.20 7.39% 7.39% Hold 1
CMW Cromwell Prop Ordinary/Units FP Stapled Securities $1.13 7.38% 7.38% Strong Sell 1
NAB National Aust. Bank $27.30 7.24% 10.36% Buy 1
AIZ Air New Zealand Foreign Exempt NZX $2.89 6.92% 7.02% N/A 1
CSR CSR Limited $3.95 6.89% 8.67% Hold 1
SKI Spark Infrastructure Stapled $0.65 Loan Note and Unit US Prohib $2.27 6.88% 6.88% Hold 1
IFL IOOF Holdings Limited $7.90 6.82% 9.76% Buy 1
WBC Westpac Banking Corp $27.57 6.77% 9.74% Buy 1
BOQ Bank of Queensland $11.22 6.73% 9.68% Hold 1
GNE Genesis Energy Limited Foreign Exempt NZX $2.27 6.69% 6.72% N/A 1
PPT Perpetual Limited $40.69 6.67% 9.65% Hold 1
BEN Bendigo and Adelaide $10.60 6.58% 9.43% Sell 1
CQR Charter Hall Retail Units FP $4.29 6.54% 6.57% Sell 1
AZJ Aurizon Holdings Limited $4.20 6.45% 7.97% Sell 1
PTM Platinum Asset $5.06 6.31% 9.03% Hold 1
SGP Stockland Units/ Stapled Securities $4.20 6.31% 6.31% Hold 1
FMG Fortescue Metals Group $3.55 6.28% 9.25% Hold 1
WAM WAM Capital Limited $2.47 6.28% 8.96% N/A 1
AGL AGL Energy Limited $19.04 6.13% 8.25% Hold 1
CBA Commonwealth Bank $71.18 6.03% 8.65% Buy 1
VCX Vicinity Centres Ordinary/Units FP Stapled Securities $2.73 5.99% 5.97% Buy 1
PGH Pact Group Holdings Limited $3.92 5.93% 7.50% Buy 1
VVR Viva Energy REIT Stapled Securities $2.23 5.87% 5.92% Strong Buy 1
SXL STHN Cross Media $1.32 5.83% 8.39% Hold 1
AST Ausnet Services Limited $1.59 5.82% 5.82% Hold 1
GOZ Growthpoint Property Unit/ Stapled Securities $3.82 5.75% 5.81% Sell 1
SUL Super Ret Rep Limited $8.72 5.73% 8.03% Hold 1
ANZ ANZ Banking Group Limited $28.06 5.68% 8.15% Buy 1
SCP Sca Property Group Units FP Stapled Securities $2.47 5.65% 5.63% Sell 1
NSR National Storage Stapled Security FP $1.71 5.58% 5.61% Sell 1
RIO RIO Tinto Limited $72.27 5.46% 7.89% Buy 1
JBH JB Hi-Fi Limited $24.70 5.31% 7.63% Hold 1
SCG Scentre Group Stapled Securities $4.14 5.30% 5.55% Buy 1
PDL Pendal Group Limited $9.12 5.23% 5.72% N/A 1
WHC Whitehaven Coal $5.08 5.22% 5.31% Buy 1
BWP BWP Trust Ordinary Units FP $3.39 5.21% 5.25% Strong Sell 1
ABP Abacus Property Group Units/ Stapled Securities $3.52 5.17% 5.11% Hold 1
SUN Suncorp Group Limited $14.34 5.09% 7.27% Hold 1
BHP BHP Billiton Limited $31.31 5.00% 7.26% 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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