Dividend Yield Scan (20 December 2016 - 43 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 $0.75 10.67% Hold -9.90%
AIZ Air New Zealand Limited NZ $2.04 9.22% N/A -33.30%
SPO Spotless Group Holdings Limited $0.95 8.95% Hold 1.50%
GMA Genworth Mortgage Insurance Australia Limited $3.13 8.95% Buy -24.50%
CMW Cromwell Property Group Stapled $0.955 8.68% Strong Sell 0.40%
GNE Genesis Energy Limited NZX $1.98 7.38% N/A 5.60%
SKT SKY Network Television Limited NZ $4.00 7.08% N/A -0.70%
GEM G8 Education Limited $3.53 6.80% N/A 0.00%
CQR Charter Hall Retail Reit Unit $4.22 6.68% Sell 3.00%
NAB National Australia Bank Limited $30.08 6.58% Hold -1.10%
BOQ Bank of Queensland Limited $11.63 6.54% Hold 1.50%
DUE Duet Group Forus $2.80 6.52% Hold 3.60%
CWN Crown Resorts Limited $11.13 6.51% Strong Buy -11.30%
GOZ Growthpoint Properties Australia Stapled $3.24 6.45% Hold -1.50%
TLS Telstra Corporation Limited $4.96 6.25% Hold 2.40%
SPK Spark New Zealand Limited NZX $3.27 6.18% N/A -0.70%
HVN Harvey Norman Holdings Limited $4.93 6.09% Hold 0.10%
IFL Ioof Holdings Limited $8.99 6.06% Hold 1.40%
CHC Charter Hall Group Forus $4.66 6.01% Hold 3.90%
VCX Vicinity Centres Stapled $2.93 6.01% Hold 1.80%
PTM Platinum Asset Management Limited $5.38 5.95% Strong Sell 0.80%
AHG Automotive Holdings Group Limited $3.83 5.88% Buy 4.40%
BWP BWP Trust Ord Units $2.93 5.84% Strong Sell 2.40%
WBC Westpac Banking Corporation $32.33 5.82% Buy 0.50%
CSR CSR Limited $4.31 5.80% Hold 2.10%
ABP Abacus Property Group Stapled $2.94 5.78% Hold 2.90%
SCP Shopping Centres Australasia Property Group Stapled $2.18 5.78% Sell 4.70%
AST Ausnet Services Limited $1.505 5.75% Hold 3.30%
AMP AMP Limited $4.98 5.62% Buy 1.40%
SGP Stockland Stapled $4.46 5.58% Buy 3.30%
RRL Regis Resources Limited $2.34 5.56% Hold 11.60%
BEN Bendigo And Adelaide Bank Limited $12.50 5.44% Hold 1.90%
ANZ Australia And New Zealand Banking Group Limited $29.93 5.35% Buy 0.90%
PPT Perpetual Limited $47.73 5.34% N/A 3.30%
CBA Commonwealth Bank of Australia $81.43 5.16% Hold 1.10%
SVW Seven Group Holdings Limited $7.81 5.12% N/A 0.00%
APA APA Group Stapled $8.42 5.11% Hold 6.60%
TAH Tabcorp Holdings Limited $4.72 5.09% Hold 4.10%
SUN Suncorp Group Limited $13.42 5.07% Hold 4.50%
STO Santos Limited $3.98 5.03% Buy -62.60%
AZJ Aurizon Holdings Limited $4.91 5.01% Hold 4.80%
CNU Chorus Limited NZX $3.75 4.94% N/A 8.90%
HGG Henderson Group PLC Cdi 1:1 $3.96 4.92% Hold -0.90%

* 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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