Dividend Yield Scan (24 October 2016 - 40 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
SWM Seven West Media Limited $0.725 11.03% Hold -9.90%
AIZ Air New Zealand Limited NZ $1.73 10.87% Hold -33.60%
GMA Genworth Mortgage Insurance Australia Limited $2.93 9.56% Buy -22.20%
CMW Cromwell Property Group Stapled $0.90 9.21% Strong Sell 0.40%
SPO Spotless Group Holdings Limited $0.985 8.63% Hold 1.90%
GNE Genesis Energy Limited NZX $1.875 7.80% N/A 5.40%
GEM G8 Education Limited $3.14 7.64% N/A 0.00%
DUE Duet Group Forus $2.39 7.53% Hold 3.60%
NAB National Australia Bank Limited $27.74 7.14% Hold -0.50%
BOQ Bank of Queensland Limited $11.14 6.82% Hold 1.50%
CQR Charter Hall Retail Reit Unit $4.21 6.68% Strong Sell 3.00%
CWN Crown Resorts Limited $10.92 6.64% Buy -6.00%
IFL Ioof Holdings Limited $8.40 6.49% N/A 1.70%
PTM Platinum Asset Management Limited $4.97 6.44% Hold 1.20%
GOZ Growthpoint Properties Australia Stapled $3.20 6.41% N/A -1.50%
CSR CSR Limited $3.68 6.39% Hold -2.70%
SKT SKY Network Television Limited NZ $4.49 6.30% N/A -0.80%
WAM WAM Capital Limited $2.32 6.25% N/A N/A
ANZ Australia And New Zealand Banking Group Limited $28.25 6.20% Buy -6.20%
WBC Westpac Banking Corporation $30.43 6.18% Buy 0.80%
TLS Telstra Corporation Limited $5.04 6.15% Hold 2.40%
BEN Bendigo And Adelaide Bank Limited $11.10 6.13% Hold 1.90%
ABP Abacus Property Group Stapled $2.79 6.09% Hold 2.00%
SPK Spark New Zealand Limited NZX $3.34 6.05% N/A -0.80%
VCX Vicinity Centres Stapled $2.93 6.04% Hold 2.10%
SKI Spark Infrastructure Group Forus $2.22 5.97% Hold N/A
HVN Harvey Norman Holdings Limited $5.25 5.71% Hold -0.40%
AST Ausnet Services Limited $1.51 5.65% Hold 2.90%
CBA Commonwealth Bank of Australia $74.90 5.61% Hold 1.10%
CHC Charter Hall Group Forus $4.85 5.55% Hold 4.20%
PPT Perpetual Limited $46.06 5.54% Hold 3.40%
SUN Suncorp Group Limited $12.35 5.51% Hold 4.50%
BWP BWP Trust Ord Units $3.08 5.45% Strong Sell 2.90%
SCP Shopping Centres Australasia Property Group Stapled $2.24 5.45% Sell 4.20%
SGP Stockland Stapled $4.51 5.43% Hold 3.00%
AMP AMP Limited $5.29 5.29% Strong Buy 3.40%
CNU Chorus Limited NZX $3.51 5.28% N/A 8.70%
STO Santos Limited $3.84 5.21% Buy -69.30%
APA APA Group Stapled $8.09 5.13% Hold 6.60%
AZJ Aurizon Holdings Limited $4.86 5.06% Hold -0.20%

* Share prices and and yield data as at previous close. Consensus broker recommendations 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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