Dividend Yield Scan (2 August - 45 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 $2.31 13.55% 19.36% Hold 13.40%
IFL IOOF Holdings Limited $5.79 9.07% 12.95% Hold 8.80%
AIZ Air New Zealand Foreign Exempt NZX $2.59 8.00% 8.00% N/A 8.00%
WHC Whitehaven Coal $3.69 7.86% 7.86% Buy 9.00%
BOQ Bank of Queensland $9.27 7.77% 11.09% Strong Sell 7.80%
AMP AMP Limited $1.815 7.71% 9.74% Sell 5.30%
WAM WAM Capital Limited $2.15 7.21% 10.30% N/A 7.20%
JHG Janus Henderson Chess Depositary Interests 1:1 $27.93 7.18% 7.18% N/A 7.20%
PPT Perpetual Limited $38.75 6.84% 9.77% Sell 6.70%
HVN Harvey Norman $4.42 6.79% 9.69% Hold 6.00%
SKI Spark Infrastructure Stapled $0.65 Loan Note and Unit US Prohib $2.39 6.70% 6.69% Sell 6.70%
AVN Aventus Group FP Ordinary/Units Stapled Securities $2.48 6.68% 6.68% Buy 6.60%
CSR CSR Limited $3.98 6.53% 8.63% Sell 6.50%
WBC Westpac Banking Corp $28.80 6.53% 9.33% Hold 6.50%
ZEL Z Energy Limited Foreign Exempt NZX $6.24 6.49% 6.49% N/A 6.50%
PDL Pendal Group Limited $7.81 6.40% 6.76% N/A 6.20%
NAB National Aust. Bank $28.64 6.36% 9.08% Buy 6.30%
GEM G8 Education Limited $2.85 6.32% 9.02% Buy 7.90%
NHC New Hope Corporation $2.54 6.30% 9.00% Strong Buy 6.10%
CQR Charter Hall Retail Units FP $4.57 6.29% 6.29% Sell 6.20%
CMA Centuria Metro REIT Ordinary Units FP $2.81 6.26% 6.26% Buy 6.40%
PTM Platinum Asset $4.71 6.16% 8.79% Strong Sell 6.30%
VCX Vicinity Centres FP Ordinary/Units Stapled Securities $2.61 6.09% 6.09% Hold 6.20%
BEN Bendigo and Adelaide $11.50 6.09% 8.70% Strong Sell 6.10%
CMW Cromwell Prop FP Ordinary/Units Stapled Securities $1.195 6.07% 6.07% Sell 6.50%
SGP Stockland FP Ordinary/Units Stapled Securities $4.59 6.01% 6.01% Hold 5.90%
ABC Adelaide Brighton $3.33 6.01% 8.58% Sell 6.40%
SXL STHN Cross Media $1.325 5.99% 8.35% Buy 5.90%
SCP Sca Property Group FP Units Stapled Securities $2.49 5.90% 5.90% Sell 5.70%
SGR The Star Ent Group $4.02 5.85% 8.35% Buy 5.00%
NSR National Storage FP Ordinary/Units Stapled Securities $1.65 5.82% 5.82% Hold 5.80%
WPL Woodside Petroleum $34.60 5.78% 8.25% Hold 5.40%
AGL AGL Energy Limited $20.44 5.77% 7.75% Sell 5.70%
ANZ ANZ Banking Group Limited $28.01 5.71% 8.16% Hold 5.70%
SCG Scentre Group FP Ordinary/Units Stapled Securities $4.02 5.51% 5.84% Hold 5.60%
GMA Genworth Mortgage $3.30 5.46% 6.96% N/A 5.80%
AST Ausnet Services Limited $1.79 5.43% 6.42% Hold 5.40%
SUL Super Ret Rep Limited $9.09 5.39% 7.70% Buy 5.40%
MMS Mcmillan Shakespeare $13.90 5.32% 7.61% Buy 5.20%
CBA Commonwealth Bank $81.92 5.26% 7.52% Sell 5.30%
SPK Spark New Zealand Foreign Exempt NZX $3.81 5.21% 5.20% N/A 5.70%
GOZ Growthpoint Property FP Ordinary/Units Stapled Securities $4.42 5.20% 5.20% Sell 5.10%
BLD Boral Limited $5.22 5.17% 6.28% Buy 5.10%
CWN Crown Resorts Limited $11.93 5.03% 6.32% Hold 5.00%
CGF Challenger Limited $7.06 5.03% 7.18% Hold 4.90%

* 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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