Dividend Yield Scan (19 July - 38 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 $2.83 9.36% Buy -20.80%
AIZ Air New Zealand Limited NZ $2.13 8.52% Hold 46.80%
NAB National Australia Bank Limited $25.94 7.63% Hold -0.90%
CMW Cromwell Property Group Stapled $1.07 7.63% Strong Sell 3.80%
BOQ Bank of Queensland Limited $10.42 7.39% N/A 2.70%
SPO Spotless Group Holdings Limited $1.305 7.20% Buy -17.50%
GNE Genesis Energy Limited NZX $1.97 7.24% N/A 5.00%
SWM Seven West Media Limited $1.115 7.02% Hold -25.80%
ANZ Australia And New Zealand Banking Group Limited $24.96 7.00% Hold -5.80%
DUE Duet Group Forus $2.52 6.95% Hold 5.70%
BEN Bendigo And Adelaide Bank Limited $10.01 6.81% N/A 1.40%
IFL Ioof Holdings Limited $8.69 6.54% Hold 0.90%
GOZ Growthpoint Properties Australia Stapled $3.25 6.29% Hold 4.00%
SVW Seven Group Holdings Limited $6.42 6.28% N/A 0.00%
WAM WAM Capital Limited $2.28 6.28% N/A N/A
WBC Westpac Banking Corporation $30.30 6.26% Strong Buy 1.30%
PTM Platinum Asset Management Limited $5.76 6.22% Sell -13.30%
GEM G8 Education Limited $3.93 6.14% N/A 5.10%
CSR CSR Limited $3.94 6.04% Hold -2.50%
SKT SKY Network Television Limited NZ $4.55 6.02% N/A 2.40%
IAG Insurance Australia Group Limited $5.76 5.00% Hold 7.40%
ORG Origin Energy Limited $5.83 5.96% Strong Buy -52.20%
ORI Orica Limited $12.91 5.92% N/A -19.30%
CQR Charter Hall Retail Reit Unit $4.84 5.82% Sell 2.80%
DOW Downer Edi Limited $4.11 5.80% Hold -14.60%
PPT Perpetual Limited $43.17 5.75% Hold 2.50%
MQG Macquarie Group Limited $72.55 5.50% Hold 5.00%
SPK Spark New Zealand Limited NZX $3.53 5.58% N/A 11.00%
CBA Commonwealth Bank of Australia $76.10 5.53% Hold 1.10%
BHP BHP Billiton Limited $20.22 5.50% Hold -45.10%
ABP Abacus Property Group Stapled $3.16 5.38% Hold 15.90%
TLS Telstra Corporation Limited $5.78 5.36% Hold 3.20%
SUN Suncorp Group Limited $12.88 5.28% Hold -0.90%
AHG Automotive Holdings Group Limited $4.27 5.26% Buy 5.90%
HGG Henderson Group PLC Cdi 1:1 $3.92 5.23% Hold 3.70%
WOW Woolworths Limited $21.95 5.23% Sell -15.80%
AST Ausnet Services Limited $1.69 5.02% Hold 3.00%
AMP AMP Limited $5.64 4.90% Strong Buy 6.50%

* Share prices as at previous close. 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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