Dividend Yield Scan (20 June - 46 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 $2.45 12.78% 18.25% Buy 1
IFL IOOF Holdings Limited $5.22 10.06% 14.37% Hold 1
YAL Yancoal Aust Limited $3.18 8.27% 8.27% Buy 1
AIZ Air New Zealand Foreign Exempt NZX $2.58 8.04% 8.03% N/A 1
WHC Whitehaven Coal $3.67 7.90% 7.90% Strong Buy 1
WAM WAM Capital Limited $2.02 7.67% 10.96% N/A 1
BOQ Bank of Queensland $9.60 7.50% 10.71% Sell 1
HVN Harvey Norman $4.20 7.14% 10.20% Hold 1
AVN Aventus Group FP Ordinary/Units Stapled Securities $2.35 7.00% 7.00% Hold 1
PDL Pendal Group Limited $7.19 6.95% 7.34% Buy 1
ZEL Z Energy Limited Foreign Exempt NZX $5.83 6.95% 6.95% N/A 1
NAB National Aust. Bank $26.83 6.78% 9.69% Buy 1
AMP AMP Limited $2.07 6.76% 8.54% Sell 1
WBC Westpac Banking Corp $28.33 6.64% 9.48% Hold 1
CSR CSR Limited $4.00 6.50% 8.59% Sell 1
JHG Janus Henderson Chess Depositary Interests 1:1 $31.13 6.44% 6.44% N/A 1
SKI Spark Infrastructure Stapled $0.65 Loan Note and Unit US Prohib $2.51 6.38% 6.37% Sell 1
CMA Centuria Metro REIT Ordinary Units FP $2.81 6.32% 6.32% Buy 1
SGP Stockland FP Ordinary/Units Stapled Securities $4.39 6.29% 6.29% Hold 1
PPT Perpetual Limited $42.31 6.26% 8.95% Hold 1
VCX Vicinity Centres FP Ordinary/Units Stapled Securities $2.57 6.19% 6.19% Hold 1
NHC New Hope Corporation $2.61 6.13% 8.75% Buy 1
CMW Cromwell Prop FP Ordinary/Units Stapled Securities $1.23 6.11% 6.11% Strong Sell 1
GEM G8 Education Limited $2.95 6.10% 8.72% Buy 1
CQR Charter Hall Retail Units FP $4.74 6.07% 6.07% Strong Sell 1
WES Wesfarmers Limited $36.28 6.06% 8.66% Sell 1
PTM Platinum Asset $4.81 6.03% 8.61% Sell 1
BEN Bendigo and Adelaide $11.64 6.01% 8.59% Strong Sell 1
GMA Genworth Mortgage $2.85 5.97% 8.52% Buy 1
AGL AGL Energy Limited $20.04 5.89% 7.91% Sell 1
SCG Scentre Group FP Ordinary/Units Stapled Securities $3.81 5.82% 6.16% Hold 1
MMS Mcmillan Shakespeare $12.81 5.78% 8.25% Hold 1
SGR The Star Ent Group $4.07 5.77% 8.25% Strong Buy 1
SCP Sca Property Group FP Units Stapled Securities $2.60 5.65% 5.65% Sell 1
ANZ ANZ Banking Group Limited $28.67 5.58% 7.97% Hold 1
WPL Woodside Petroleum $35.90 5.57% 7.95% Hold 1
SUL Super Ret Rep Limited $8.82 5.56% 7.94% Hold 1
CGF Challenger Limited $6.43 5.52% 7.89% Hold 1
SPK Spark New Zealand Foreign Exempt NZX $3.72 5.33% 5.33% N/A 1
CBA Commonwealth Bank $82.30 5.24% 7.48% Hold 1
GOZ Growthpoint Property FP Ordinary/Units Stapled Securities $4.34 5.21% 5.21% Strong Sell 1
SGM Sims Metal MGMT Limited $10.22 5.19% 7.41% Hold 1
SKC Skycity Ent Group Limited Foreign Exempt NZX $3.62 5.18% 5.18% N/A 1
BLD Boral Limited $5.34 5.06% 6.14% Buy 1
NSR National Storage FP Ordinary/Units Stapled Securities $1.86 5.05% 5.05% Hold 1
JBH JB Hi-Fi Limited $27.14 5.05% 7.21% Hold 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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