Dividend Yield Scan (21 August - 48 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 $2.16 14.49% 20.70% Hold 1
IFL IOOF Holdings Limited $5.17 10.16% 14.51% Sell 1
WHC Whitehaven Coal $3.30 8.49% 8.85% Buy 1
BOQ Bank of Queensland $8.98 8.02% 11.45% Strong Sell 1
AIZ Air New Zealand Foreign Exempt NZX $2.59 8.00% 8.00% N/A 1
JHG Janus Henderson Chess Depositary Interests 1:1 $27.25 7.49% 7.49% N/A 1
WAM WAM Capital Limited $2.10 7.38% 10.54% N/A 1
PDL Pendal Group Limited $6.78 7.38% 7.78% N/A 1
PPT Perpetual Limited $36.43 7.27% 10.39% Sell 1
NHC New Hope Corporation $2.20 7.27% 10.39% Strong Buy 1
SKI Spark Infrastructure Stapled $0.65 Loan Note and Unit US Prohib $2.30 6.96% 6.96% Hold 1
PTM Platinum Asset $4.28 6.78% 9.68% Strong Sell 1
WBC Westpac Banking Corp $28.03 6.71% 9.58% Hold 1
ZEL Z Energy Limited Foreign Exempt NZX $6.08 6.66% 6.66% N/A 1
NAB National Aust. Bank $27.34 6.66% 9.51% Buy 1
CQR Charter Hall Retail Units FP $4.35 6.61% 6.61% Sell 1
AVN Aventus Group FP Ordinary/Units Stapled Securities $2.54 6.52% 6.52% Buy 1
GEM G8 Education Limited $2.77 6.50% 9.28% Buy 1
HVN Harvey Norman $4.65 6.45% 9.22% Hold 1
BEN Bendigo and Adelaide $10.86 6.45% 9.21% Strong Sell 1
CSR CSR Limited $4.04 6.44% 8.50% Sell 1
ABC Adelaide Brighton $3.15 6.35% 9.07% Sell 1
VCX Vicinity Centres FP Ordinary/Units Stapled Securities $2.52 6.31% 6.31% Hold 1
AGL AGL Energy Limited $19.24 6.19% 8.31% Sell 1
CMA Centuria Metro REIT Ordinary Units FP $2.90 6.07% 6.07% Buy 1
SGP Stockland FP Ordinary/Units Stapled Securities $4.60 6.00% 6.00% Hold 1
ANZ ANZ Banking Group Limited $26.68 6.00% 8.57% Hold 1
CMW Cromwell Prop FP Ordinary/Units Stapled Securities $1.22 5.94% 5.94% Sell 1
GMA Genworth Mortgage $3.13 5.75% 7.34% N/A 1
SCG Scentre Group FP Ordinary/Units Stapled Securities $3.90 5.74% 6.08% Hold 1
SCP Sca Property Group FP Units Stapled Securities $2.59 5.68% 5.68% Sell 1
MMS Mcmillan Shakespeare $13.13 5.64% 8.05% Buy 1
S32 SOUTH32 Limited $2.83 5.60% 8.00% Hold 1
CBA Commonwealth Bank $77.13 5.59% 7.98% Sell 1
WPL Woodside Petroleum $32.29 5.58% 7.97% Buy 1
AST Ausnet Services Limited $1.765 5.51% 6.51% Hold 1
RIO RIO Tinto Limited $85.83 5.48% 7.82% Hold 1
SGM Sims Metal MGMT Limited $9.76 5.43% 7.76% Hold 1
BLD Boral Limited $5.00 5.40% 6.56% Buy 1
NSR National Storage FP Ordinary/Units Stapled Securities $1.785 5.38% 5.38% Hold 1
SUN Suncorp Group Limited $13.32 5.26% 7.51% Hold 1
CWN Crown Resorts Limited $11.42 5.25% 6.60% Hold 1
CGF Challenger Limited $6.80 5.22% 7.46% Hold 1
SPK Spark New Zealand Foreign Exempt NZX $3.81 5.21% 5.20% N/A 1
GOZ Growthpoint Property FP Ordinary/Units Stapled Securities $4.42 5.20% 5.20% Sell 1
SKC Skycity Ent Group Limited Foreign Exempt NZX $3.68 5.20% 5.20% N/A 1
SGR The Star Ent Group $3.96 5.18% 7.39% Strong Buy 1
SUL Super Ret Rep Limited $9.80 5.10% 7.29% 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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