Dividend Yield Scan (27 July - 41 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 compiled by Market Index. See the Consensus Data blog for details on how the broker averages are calculated.

Dividend Yield
Last 12 months dividends (excluding any special dividends) divided by the current share price. Data supplied by the ASX. Gross Yield calculated by Market Index.

Code Company Price Yield Gross Consensus DPS Gr.
GMA Genworth Mortgage $2.65 9.06% 12.94% Hold 1
GEM G8 Education Limited $2.55 8.63% 12.32% Buy 1
TLS Telstra Corporation $2.72 8.46% 12.08% Hold 1
AMP AMP Limited $3.48 8.33% 11.55% Hold 1
FMG Fortescue Metals Group $4.39 8.20% 11.71% Buy 1
CMW Cromwell Prop Ordinary/Units FP Stapled Securities $1.115 7.48% 7.48% Sell 1
AVN Aventus Retail Fund Ordinary Units FP $2.24 7.26% 7.26% Buy 1
NAB National Aust. Bank $28.13 7.04% 10.06% Buy 1
BOQ Bank of Queensland $10.97 6.93% 9.90% Hold 1
CQR Charter Hall Retail Units FP $4.09 6.90% 6.89% Sell 1
HVN Harvey Norman $3.50 6.86% 9.79% Hold 1
AIZ Air New Zealand Foreign Exempt NZX $2.96 6.79% 6.79% N/A 1
SKI Spark Infrastructure Stapled $0.65 Loan Note and Unit US Prohib $2.26 6.75% 6.75% Hold 1
GNE Genesis Energy Limited Foreign Exempt NZX $2.29 6.60% 6.60% N/A 1
CSR CSR Limited $4.16 6.49% 8.23% Sell 1
SGP Stockland Units/ Stapled Securities $4.09 6.48% 6.48% Buy 1
WBC Westpac Banking Corp $29.15 6.45% 9.21% Buy 1
WAM WAM Capital Limited $2.39 6.38% 9.11% N/A 1
VVR Viva Energy REIT Stapled Securities $2.14 6.17% 6.17% Strong Buy 1
VCX Vicinity Centres Ordinary/Units FP Stapled Securities $2.65 6.15% 6.15% Hold 1
PPT Perpetual Limited $44.01 6.14% 8.76% Hold 1
AWC Alumina Limited $2.82 6.10% 8.72% Buy 1
GOZ Growthpoint Property Unit/ Stapled Securities $3.65 6.08% 6.08% Sell 1
BEN Bendigo and Adelaide $11.44 6.03% 8.62% Sell 1
AST Ausnet Services Limited $1.58 5.85% 5.85% Hold 1
SCP Sca Property Group Units FP Stapled Securities $2.39 5.82% 5.82% Sell 1
CBA Commonwealth Bank $74.83 5.75% 8.21% Hold 1
IFL IOOF Holdings Limited $9.42 5.73% 8.19% Buy 1
SPK Spark New Zealand Foreign Exempt NZX $3.50 5.66% 5.66% N/A 1
REG Regis Healthcare Limited $3.44 5.62% 8.02% Buy 1
JBH JB Hi-Fi Limited $23.80 5.55% 7.92% Hold 1
ANZ ANZ Banking Group Limited $29.01 5.52% 7.88% Buy 1
PTM Platinum Asset $5.69 5.45% 7.78% Hold 1
BWP BWP Trust Ordinary Units FP $3.27 5.44% 5.44% Sell 1
SYD SYD Airport FP Stapled Securities US Prohibited $7.01 5.21% 5.21% Hold 1
AZJ Aurizon Holdings Limited $4.44 5.16% 6.26% Hold 1
SUL Super Ret Rep Limited $9.03 5.15% 7.36% Buy 1
SCG Scentre Group Stapled Securities $4.26 5.10% 5.34% Buy 1
CNU Chorus Limited Foreign Exempt NZX $3.91 5.09% 5.09% N/A 1
PDL Pendal Group Limited $9.45 5.08% 5.52% N/A 1
SKC Skycity Ent Group Limited Foreign Exempt NZX $3.65 5.02% 5.02% N/A 1

* Share prices and and yield data as at previous close. Dividend data supplied by the ASX. Gross yield calculated by Market Index. Consensus broker data 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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