Dividend Yield Scan (28 April - 31 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 2.4 8.78% Hold 50.00%
BHP BHP Billiton Limited 19.65 8.22% N/A N/A
DUE DUET Group 2.23 7.80% Hold 5.70%
ANZ Australia & New Zealand Banking Group Ltd 23.88 7.52% Buy 0.30%
NAB National Australia Bank Limited 26.9 7.36% Buy 0.00%
BEN Bendigo and Adelaide Bank Limited 9.18 7.27% Hold 2.50%
BOQ Bank of Queensland Limited 11.73 6.39% Sell 1.70%
SPK Spark New Zealand Limited 3.26 6.09% Sell 11.50%
IFL IOOF Holdings Limited 9.06 5.99% Strong Buy 1.90%
WBC Westpac Banking Corporation 30.94 5.97% N/A N/A
PTM Platinum Asset Management Limited 6.07 5.89% Hold -11.30%
IAG Insurance Australia Group Limited 5.76 5.82% Hold 3.40%
ORI Orica Limited 15.08 5.81% Hold 2.10%
SKI Spark Infrastructure Group 2.07 5.80% N/A N/A
TLS Telstra Corporation Limited 5.38 5.74% Buy 2.00%
SUN Suncorp Group Limited 12.43 5.73% Buy 0.70%
CBA Commonwealth Bank of Australia 73.76 5.68% Hold 1.70%
PPT Perpetual Limited 43.16 5.68% Hold 4.10%
AWC Alumina Limited 1.49 5.66% Buy -31.00%
SGP Stockland 4.31 5.63% Buy 2.10%
AZJ Aurizon Holdings Limited 4.26 5.63% Hold N/A
AST AusNet Services 1.525 5.54% Buy 2.70%
MEZ Meridian Energy Limited 2.4 5.54% Hold 9.00%
ORG Origin Energy Limited 5.3 5.51% Hold -53.80%
WOW Woolworths Limited 21.26 5.43% Hold -14.80%
MQG Macquarie Group Limited 65.88 5.43% Strong Buy 13.80%
VCX Vicinity Centres 3.31 5.23% Hold 3.80%
MGR Mirvac Group 1.875 5.14% Buy 5.20%
CCL Coca-Cola Amatil Limited 8.52 5.11% Sell N/A
DXS Dexus Property Group 8.3 5.06% Hold 3.80%
TAH Tabcorp Holdings Limited 4.41 5.02% Sell -28.90%

* 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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