Dividend Yield Scan (20 March - 51 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 $2.61 11.99% 17.13% Buy 1
AIZ Air New Zealand Foreign Exempt NZX $2.25 9.17% 9.17% N/A 1
IFL IOOF Holdings Limited $6.34 8.28% 11.83% Hold 1
BOQ Bank of Queensland $9.22 8.24% 11.78% Sell 1
HVN Harvey Norman $3.70 8.11% 11.58% Hold 1
NAB National Aust. Bank $24.96 7.93% 11.33% Buy 1
CSR CSR Limited $3.38 7.84% 10.77% Hold 1
AVN Aventus Group FP Ordinary/Units Stapled Securities $2.23 7.34% 7.34% Hold 1
SKI Spark Infrastructure Stapled $0.65 Loan Note and Unit US Prohib $2.23 7.18% 7.17% Sell 1
BEN Bendigo and Adelaide $9.80 7.14% 10.20% Strong Sell 1
WBC Westpac Banking Corp $26.42 7.12% 10.17% Hold 1
CMW Cromwell Prop FP Ordinary/Units Stapled Securities $1.10 7.08% 7.08% Sell 1
SGP Stockland FP Ordinary/Units Stapled Securities $3.84 7.03% 7.03% Hold 1
WHC Whitehaven Coal $4.14 7.01% 7.00% Buy 1
GMA Genworth Mortgage $2.47 6.88% 9.83% Buy 1
WAM WAM Capital Limited $2.28 6.80% 9.71% N/A 1
SUL Super Ret Rep Limited $7.63 6.42% 9.17% Buy 1
PPT Perpetual Limited $41.35 6.41% 9.16% Hold 1
VCX Vicinity Centres FP Ordinary/Units Stapled Securities $2.54 6.36% 6.36% Hold 1
WES Wesfarmers Limited $34.65 6.35% 9.07% Hold 1
ANZ ANZ Banking Group Limited $26.30 6.08% 8.69% Hold 1
CQR Charter Hall Retail Units FP $4.69 6.07% 6.07% Strong Sell 1
CBA Commonwealth Bank $71.33 6.04% 8.63% Hold 1
GEM G8 Education Limited $3.07 5.86% 8.37% Buy 1
MMS Mcmillan Shakespeare $12.75 5.80% 8.29% Buy 1
PDL Pendal Group Limited $9.00 5.78% 6.15% N/A 1
JBH JB Hi-Fi Limited $23.84 5.75% 8.21% Hold 1
SPK Spark New Zealand Foreign Exempt NZX $3.49 5.66% 5.66% N/A 1
WPL Woodside Petroleum $35.45 5.64% 8.05% Buy 1
CCL Coca-Cola Amatil $8.35 5.63% 7.00% Sell 1
SCP Sca Property Group FP Units Stapled Securities $2.56 5.61% 5.61% Sell 1
BLD Boral Limited $4.89 5.52% 6.70% Buy 1
JHG Janus Henderson Chess Depositary Interests 1:1 $35.68 5.52% 5.52% N/A 1
SCG Scentre Group FP Ordinary/Units Stapled Securities $4.02 5.51% 5.84% Buy 1
GOZ Growthpoint Property FP Ordinary/Units Stapled Securities $4.11 5.50% 5.50% Strong Sell 1
AZJ Aurizon Holdings Limited $4.46 5.49% 7.01% Sell 1
SGR The Star Ent Group $4.34 5.42% 7.74% Buy 1
GNE Genesis Energy Limited Foreign Exempt NZX $2.88 5.39% 5.39% N/A 1
AGL AGL Energy Limited $21.93 5.38% 7.23% Hold 1
NSR National Storage FP Ordinary/Units Stapled Securities $1.75 5.37% 5.37% Hold 1
VVR Viva Energy REIT FP Ordinary/Units Stapled Securities $2.47 5.34% 5.34% Strong Buy 1
PTM Platinum Asset $5.50 5.27% 7.53% Strong Sell 1
AST Ausnet Services Limited $1.80 5.27% 5.73% Hold 1
ZEL Z Energy Limited Foreign Exempt NZX $6.06 5.25% 5.25% N/A 1
MTS Metcash Limited $2.60 5.19% 7.42% Hold 1
CWN Crown Resorts Limited $11.79 5.09% 6.40% Hold 1
SYD SYD Airport FP Ordinary/Units Stapled Securities $7.37 5.09% 5.09% Hold 1
CEN Contact Energy Limited Foreign Exempt NZX $6.26 5.08% 5.08% N/A 1
SKC Skycity Ent Group Limited Foreign Exempt NZX $3.70 5.07% 5.07% N/A 1
SUN Suncorp Group Limited $13.20 5.00% 7.14% Buy 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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