Dividend Yield Scan (24 July - 25 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 $2b<
2.   Dividend yield 5.0%<
3.   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
The average recommendation of all analysts covering the company.

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

Code Company Price Yield Consensus DPS Growth
FMG Fortescue Metals Group Ltd 1.645 8.20% Sell -67.40%
WOR WorleyParsons Limited 9.36 7.82% Hold -17.40%
DUE DUET Group 2.16 7.80% Strong Sell 4.00%
WPL Woodside Petroleum Limited 33.61 7.27% Sell -28.20%
SPK Spark New Zealand Limited 2.61 6.47% Hold 8.20%
AST AusNet Services 1.35 6.26% Buy 2.20%
SKI Spark Infrastructure Group 1.86 6.18% N/A N/A
IAG Insurance Australia Group Limited 5.8 6.10% Hold -9.70%
NAB National Australia Bank Limited 34.1 5.76% Buy 0.80%
SGP Stockland 4.19 5.73% Buy 1.00%
MEZ Meridian Energy Limited 1.975 5.68% Hold 7.70%
SUN Suncorp Group Limited 14.18 5.67% Buy 9.90%
ANZ Australia & New Zealand Banking Group Ltd 32.15 5.64% Strong Buy 4.30%
BHP BHP Billiton Limited 25.5 5.56% Sell 20.00%
FDC Federation Centres 2.92 5.51% Sell 8.40%
IFL IOOF Holdings Limited 9.03 5.51% Buy 9.20%
WBC Westpac Banking Corporation 34.26 5.39% Buy 3.20%
RIO Rio Tinto Limited 51.2 5.35% Buy 5.30%
SCG Scentre Group 3.87 5.34% Sell 3.50%
SKT Sky Network Television Limited 5.53 5.31% Hold 9.10%
DXS Dexus Property Group 7.49 5.25% Hold 6.10%
BOQ Bank of Queensland Limited 13.36 5.22% Buy 8.20%
HVN Harvey Norman Holdings Ltd 4.44 5.10% Hold 12.10%
BEN Bendigo and Adelaide Bank Limited 13.02 5.06% Sell 5.30%
SKC SkyCity Entertainment Group Limited 3.82 5.05% Buy 3.70%

* 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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