Dividend Yield Scan (26 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 $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
DUE DUET Group 2.12 8.09% Sell 5.00%
WPL Woodside Petroleum Limited 30.2 7.65% Sell -30.00%
MEZ Meridian Energy Limited 1.945 6.95% Hold 4.10%
STO Santos Limited 4.95 6.73% Buy -4.90%
SPK Spark New Zealand Limited 2.82 6.52% Buy 9.00%
ORG Origin Energy Limited 7.71 6.49% Strong Buy 0.00%
AST AusNet Services 1.305 6.47% Buy 2.20%
ANZ Australia & New Zealand Banking Group Ltd 27.99 6.42% Buy 2.20%
SUN Suncorp Group Limited 12.81 6.40% Buy 7.60%
NAB National Australia Bank Limited 31.09 6.32% Buy 0.80%
BEN Bendigo and Adelaide Bank Limited 10.62 6.21% Sell 3.40%
BHP BHP Billiton Limited 23.34 6.10% Hold 20.20%
FDC Federation Centres 2.81 6.01% Sell 4.30%
WBC Westpac Banking Corporation 30.9 5.97% Strong Buy 2.90%
SKI Spark Infrastructure Group 1.93 5.96% N/A N/A
SGP Stockland 4.04 5.94% Buy 2.40%
RIO Rio Tinto Limited 48.45 5.74% Buy 5.80%
ORI Orica Limited 15.21 5.69% Hold -8.70%
BOQ Bank of Queensland Limited 12.37 5.64% Hold 8.40%
IFL IOOF Holdings Limited 8.82 5.64% Buy 9.00%
CBA Commonwealth Bank of Australia 75.08 5.58% Hold 3.70%
SCG Scentre Group 3.74 5.52% Sell 3.50%
IAG Insurance Australia Group Limited 5.27 5.48% Hold -2.80%
DXS Dexus Property Group 7.56 5.43% Hold 4.00%
SPO Spotless Group Holdings Limited 1.85 5.39% Hold N/A
FBU Fletcher Building Limited 6.55 5.33% Buy 15.90%
PTM Platinum Asset Management Limited 6.96 5.29% Hold -3.80%
MGR Mirvac Group 1.79 5.25% Buy 4.70%
TLS Telstra Corporation Limited 5.83 5.23% Hold 3.20%
SKC SkyCity Entertainment Group Limited 3.62 5.21% Buy 8.90%
WOW Woolworths Limited 26.62 5.18% Sell 0.40%
HVN Harvey Norman Holdings Ltd 4.45 5.09% Hold 12.10%
IOF Investa Office Fund 3.82 5.04% Hold 2.10%
BWP BWP Trust 3.14 5.04% Strong Sell 3.70%
WES Wesfarmers Limited 39.92 5.01% Hold -1.80%

* 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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