Dividend Yield Scan (2 October - 42 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 $2.75 8.59% 12.28% Buy 1
HVN Harvey Norman $3.50 8.57% 12.24% Hold 1
GMA Genworth Mortgage $2.43 8.23% 11.76% Buy 1
AMP AMP Limited $3.12 7.85% 10.33% Hold 1
CMW Cromwell Prop Ordinary/Units FP Stapled Securities $1.065 7.57% 7.57% Strong Sell 1
AIZ Air New Zealand Foreign Exempt NZX $2.77 7.32% 7.32% N/A 1
CSR CSR Limited $3.75 7.20% 9.13% Hold 1
NAB National Aust. Bank $27.60 7.17% 10.25% Buy 1
SKI Spark Infrastructure Stapled $0.65 Loan Note and Unit US Prohib $2.23 7.00% 7.00% Hold 1
BOQ Bank of Queensland $10.87 6.99% 9.99% Hold 1
WBC Westpac Banking Corp $27.50 6.84% 9.77% Buy 1
IFL IOOF Holdings Limited $8.05 6.71% 9.58% Buy 1
CQR Charter Hall Retail Units FP $4.23 6.67% 6.67% Sell 1
BEN Bendigo and Adelaide $10.57 6.62% 9.46% Sell 1
AZJ Aurizon Holdings Limited $4.11 6.59% 8.14% Sell 1
PPT Perpetual Limited $42.07 6.54% 9.34% Hold 1
GNE Genesis Energy Limited Foreign Exempt NZX $2.35 6.49% 6.49% N/A 1
SGP Stockland Units/ Stapled Securities $4.11 6.45% 6.45% Buy 1
PGH Pact Group Holdings Limited $3.69 6.23% 7.97% Buy 1
WAM WAM Capital Limited $2.49 6.23% 8.89% N/A 1
VCX Vicinity Centres Ordinary/Units FP Stapled Securities $2.62 6.22% 6.22% Hold 1
CBA Commonwealth Bank $70.42 6.12% 8.74% Hold 1
PTM Platinum Asset $5.25 6.10% 8.71% Hold 1
AGL AGL Energy Limited $19.50 6.00% 8.06% Hold 1
VVR Viva Energy REIT Stapled Securities $2.20 6.00% 6.00% Strong Buy 1
FMG Fortescue Metals Group $3.92 5.87% 8.38% Hold 1
NSR National Storage Stapled Security FP $1.65 5.82% 5.82% Sell 1
SCP Sca Property Group Units FP Stapled Securities $2.40 5.79% 5.79% Sell 1
ANZ ANZ Banking Group Limited $27.73 5.77% 8.24% Buy 1
GOZ Growthpoint Property Unit/ Stapled Securities $3.87 5.74% 5.74% Sell 1
AST Ausnet Services Limited $1.625 5.69% 5.69% N/A 1
PDL Pendal Group Limited $8.59 5.59% 6.08% N/A 1
SUL Super Ret Rep Limited $8.84 5.54% 7.92% Hold 1
SCG Scentre Group Stapled Securities $3.96 5.54% 5.80% Buy 1
BWP BWP Trust Ordinary Units FP $3.32 5.36% 5.36% Strong Sell 1
SPK Spark New Zealand Foreign Exempt NZX $3.65 5.33% 5.33% N/A 1
SYD SYD Airport FP Stapled Securities $6.85 5.33% 5.33% Hold 1
ABP Abacus Property Group Units/ Stapled Securities $3.39 5.31% 5.31% Hold 1
JBH JB Hi-Fi Limited $25.00 5.28% 7.54% Hold 1
SUN Suncorp Group Limited $14.21 5.14% 7.34% Hold 1
TCL Transurban Group Ordinary Shares/Units FP Triple Stapled $11.22 4.99% 5.18% Buy 1
SKC Skycity Ent Group Limited Foreign Exempt NZX $3.71 4.98% 4.98% N/A 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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