Dividend Yield Scan (24 August - 35 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
GMA Genworth Mortgage Insurance Australia Limited $2.96 9.46% Buy -22.20%
SPO Spotless Group Holdings Limited $1.065 8.45% Buy -16.80%
AIZ Air New Zealand Limited NZ $2.12 8.40% Hold 45.50%
GEM G8 Education Limited $3.04 7.90% Buy 4.10%
CMW Cromwell Property Group Stapled $1.06 7.74% Strong Sell 3.80%
BOQ Bank of Queensland Limited $10.36 7.34% Hold 1.30%
NAB National Australia Bank Limited $27.59 7.18% Hold -0.90%
DUE Duet Group Forus $2.62 6.87% Hold 2.70%
GNE Genesis Energy Limited NZX $2.17 6.66% N/A 5.30%
AWC Alumina Limited $1.35 6.58% Hold -9.60%
CQR Charter Hall Retail Reit Unit $4.30 6.54% Strong Sell 3.60%
ANZ Australia And New Zealand Banking Group Limited $26.92 6.50% Hold -6.30%
GOZ Growthpoint Properties Australia Stapled $3.23 6.35% N/A N/A
BEN Bendigo And Adelaide Bank Limited $10.75 6.33% Hold 1.30%
CSR CSR Limited $3.74 6.28% Hold -3.20%
WAM WAM Capital Limited $2.34 6.20% N/A N/A
WBC Westpac Banking Corporation $30.41 6.18% Buy 0.80%
IFL Ioof Holdings Limited $8.92 6.11% Hold 1.40%
SKT SKY Network Television Limited NZ $4.54 6.04% N/A 2.60%
PTM Platinum Asset Management Limited $6.12 5.88% Sell -16.20%
CBA Commonwealth Bank of Australia $73.85 5.69% Hold 1.30%
TLS Telstra Corporation Limited $5.49 5.65% Hold 2.40%
ABP Abacus Property Group Stapled $3.10 5.48% Hold 0.00%
SPK Spark New Zealand Limited NZX $3.74 5.39% Hold -1.70%
VCX Vicinity Centres Stapled $3.30 5.36% Hold 0.80%
SCP Shopping Centres Australasia Property Group Stapled $2.28 5.35% Strong Sell 4.00%
PPT Perpetual Limited $47.07 5.31% Hold 1.30%
AZJ Aurizon Holdings Limited $4.64 5.30% Hold -0.20%
SUN Suncorp Group Limited $12.89 5.28% Hold 3.90%
AMP AMP Limited $5.41 5.18% Strong Buy 5.40%
QBE QBE Insurance Group Limited $10.01 5.10% Hold 12.60%
ORI Orica Limited $15.10 5.07% Hold -21.90%
AST Ausnet Services Limited $1.695 5.03% Hold 3.00%
MQG Macquarie Group Limited $80.20 4.99% Hold 5.00%
SGP Stockland Stapled $4.92 4.98% Hold 3.00%

* Share prices as at previous close. 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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