Dividend Yield Scan (24 March - 33 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.

Dividend Yield
Average of the previous 12 months dividends and the next 12 months forecasted 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
AIZ Air New Zealand Limited 2.58 8.17% Hold 50.00%
DUE DUET Group 2.24 7.76% Hold 5.00%
NAB National Australia Bank Limited 27.22 7.27% Buy 0.00%
ANZ Australia & New Zealand Banking Group Ltd 25.34 7.06% Buy 0.00%
BEN Bendigo and Adelaide Bank Limited 9.58 6.97% Hold 2.50%
RIO Rio Tinto Limited 43.86 6.80% Hold -51.70%
AWC Alumina Limited 1.33 6.44% Buy -17.70%
ORG Origin Energy Limited 4.97 6.41% Buy -32.40%
IFL IOOF Holdings Limited 8.61 6.34% Strong Buy 4.70%
SPK Spark New Zealand Limited 3.15 6.30% Buy 11.50%
SUN Suncorp Group Limited 11.87 6.10% Strong Buy 1.30%
IAG Insurance Australia Group Limited 5.53 6.06% Buy 1.00%
AZJ Aurizon Holdings Limited 3.96 6.04% Hold 6.20%
TLS Telstra Corporation Limited 5.24 5.92% Hold 3.20%
BOQ Bank of Queensland Limited 12.57 5.89% Sell 2.70%
SKI Spark Infrastructure Group 2.05 5.85% N/A N/A
ORI Orica Limited 15.8 5.82% Hold 1.80%
WBC Westpac Banking Corporation 32.33 5.81% Strong Buy 2.80%
MEZ Meridian Energy Limited 2.3 5.78% Hold 9.00%
SGP Stockland 4.2 5.77% Buy 2.10%
BHP BHP Billiton Limited 17.6 5.70% Sell -40.00%
PTM Platinum Asset Management Limited 6.44 5.70% Hold -8.30%
AST AusNet Services 1.49 5.67% Buy 3.80%
WPL Woodside Petroleum Limited 27.13 5.55% Hold -8.00%
TAH Tabcorp Holdings Limited 4 5.50% Sell -29.30%
VCX Vicinity Centres 3.16 5.48% Hold 3.80%
CBA Commonwealth Bank of Australia 76.7 5.46% Hold 1.70%
DXS Dexus Property Group 7.82 5.37% Hold 3.80%
MQG Macquarie Group Limited 67.46 5.30% Strong Buy 13.80%
WOW Woolworths Limited 22.38 5.23% Sell -17.80%
FBU Fletcher Building Limited 6.87 5.21% Buy 9.10%
STO Santos Limited 3.92 5.10% Hold -40.80%
MGR Mirvac Group 1.895 5.09% Buy 5.20%

* 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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