Dividend Yield Scan (22 June - 34 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, divided by the current share price. Data supplied by the ASX. Gross Yield calculated by Market Index.

DPS Growth
The forecasted average annual growth in dividends per share for the next 2 years.

Code Company Price Yield Gross Consensus DPS Gr.
GEM G8 Education Limited $2.33 9.44% 13.48% Buy -2.80%
GMA Genworth Mortgage $2.70 8.89% 12.70% Buy -2.90%
TLS Telstra Corporation $2.72 8.01% 12.08% Hold -15.80%
AMP AMP Limited $3.62 8.01% 11.10% Hold -4.50%
FMG Fortescue Metals Group $4.55 7.91% 11.30% Hold -17.00%
NAB National Aust. Bank $27.31 7.47% 10.36% Buy 0.00%
CMW Cromwell Prop Ordinary/Units FP Stapled Securities $1.12 7.45% 7.45% Sell -1.70%
BOQ Bank of Queensland $10.50 7.24% 10.34% Hold -1.00%
HVN Harvey Norman $3.41 7.04% 10.05% Sell -7.10%
PPT Perpetual Limited $40.38 6.81% 9.55% Hold 0.80%
GNE Genesis Energy Limited Foreign Exempt NZX $2.23 6.78% 6.78% N/A 0.50%
WBC Westpac Banking Corp $29.07 6.68% 9.24% Buy 1.80%
AIZ Air New Zealand Foreign Exempt NZX $3.02 6.65% 6.65% N/A 0.80%
SKI Spark Infrastructure Stapled $0.65 Loan Note and Unit US Prohib $2.29 6.55% 6.66% Hold 3.50%
CQR Charter Hall Retail Units FP $4.35 6.48% 6.48% Sell 1.10%
BEN Bendigo and Adelaide $10.74 6.43% 9.18% Sell 2.00%
SGP Stockland Units/ Stapled Securities $4.18 6.21% 6.20% Buy 5.00%
AWC Alumina Limited $2.77 6.21% 8.87% Buy 0.20%
VCX Vicinity Centres Ordinary/Units FP Stapled Securities $2.70 6.04% 6.04% Hold -2.00%
GOZ Growthpoint Property Unit/ Stapled Securities $3.65 6.00% 6.00% Hold 2.20%
IFL IOOF Holdings Limited $9.13 5.92% 8.45% Buy 2.10%
CBA Commonwealth Bank $72.90 5.90% 8.43% Hold 1.20%
AST Ausnet Services Limited $1.58 5.85% 5.85% Hold 4.30%
JBH JB Hi-Fi Limited $22.90 5.76% 8.23% Hold 5.80%
ANZ ANZ Banking Group Limited $27.85 5.75% 8.21% Buy 1.30%
CSR CSR Limited $4.72 5.72% 7.25% Sell -2.30%
FBU Fletcher Building Foreign Exempt NZX $6.40 5.58% 5.58% N/A -19.00%
SPK Spark New Zealand Foreign Exempt NZX $3.45 5.51% 5.74% N/A -1.10%
SUL Super Ret Rep Limited $8.37 5.48% 7.94% Buy -0.60%
BWP BWP Trust Ordinary Units FP $3.31 5.34% 5.34% Sell 0.80%
CCL Coca-Cola Amatil $9.01 5.22% 6.78% Hold -0.40%
AZJ Aurizon Holdings Limited $4.44 5.16% 6.26% Hold 3.70%
SCG Scentre Group Stapled Securities $4.36 5.08% 5.22% Buy 2.30%

* 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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