Dividend Yield Scan (28 September - 44 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 $0.72 11.11% Hold -9.90%
AIZ Air New Zealand Limited NZ $1.775 10.60% Hold -32.90%
GMA Genworth Mortgage Insurance Australia Limited $2.69 10.41% Buy -22.20%
CMW Cromwell Property Group Stapled $0.975 8.50% Strong Sell 0.40%
SPO Spotless Group Holdings Limited $1.02 8.33% Hold 0.70%
GEM G8 Education Limited $3.07 7.82% Buy 0.00%
DUE Duet Group Forus $2.47 7.29% Hold 3.60%
NAB National Australia Bank Limited $27.98 7.08% Hold -0.50%
GNE Genesis Energy Limited NZX $2.11 6.99% N/A 1.00%
BOQ Bank of Queensland Limited $11.29 6.73% Hold 1.30%
CQR Charter Hall Retail Reit Unit $4.20 6.69% Strong Sell 3.00%
CSR CSR Limited $3.54 6.64% Hold -2.70%
BEN Bendigo And Adelaide Bank Limited $10.53 6.46% Hold 1.60%
PTM Platinum Asset Management Limited $5.02 6.38% Sell 1.20%
ANZ Australia And New Zealand Banking Group Limited $27.45 6.38% Buy -6.20%
SKT SKY Network Television Limited NZ $4.47 6.33% N/A -0.80%
WBC Westpac Banking Corporation $29.96 6.28% Buy 0.80%
WAM WAM Capital Limited $2.32 6.25% N/A N/A
GOZ Growthpoint Properties Australia Stapled $3.28 6.25% Hold -1.50%
TLS Telstra Corporation Limited $5.11 6.07% Hold 2.40%
SPK Spark New Zealand Limited NZX $3.34 6.03% Sell -0.80%
IFL Ioof Holdings Limited $9.07 6.01% Hold 1.70%
ABP Abacus Property Group Stapled $2.88 5.90% Hold 2.00%
CBA Commonwealth Bank of Australia $72.70 5.78% Hold 1.10%
HVN Harvey Norman Holdings Limited $5.20 5.77% Hold -29.50%
SKI Spark Infrastructure Group Forus $2.32 5.71% Hold N/A
STO Santos Limited $3.52 5.68% Buy -69.30%
VCX Vicinity Centres Stapled $3.18 5.57% Hold 2.10%
PPT Perpetual Limited $45.84 5.56% Hold 3.40%
CWN Crown Resorts Limited $13.07 5.55% Hold -6.00%
SUN Suncorp Group Limited $12.30 5.53% Hold 4.50%
SCP Shopping Centres Australasia Property Group Stapled $2.23 5.47% Strong Sell 3.50%
QBE QBE Insurance Group Limited $9.37 5.44% Hold 4.20%
AZJ Aurizon Holdings Limited $4.57 5.38% Hold -0.20%
AMP AMP Limited $5.27 5.31% Strong Buy 3.40%
CHC Charter Hall Group Forus $5.09 5.29% Hold 4.20%
BWP BWP Trust Ord Units $3.19 5.26% Strong Sell 2.90%
ORI Orica Limited $14.70 5.20% Hold -22.70%
AST Ausnet Services Limited $1.64 5.20% Hold 2.90%
AHG Automotive Holdings Group Limited $4.33 5.20% Strong Buy 5.70%
SGP Stockland Stapled $4.72 5.19% Hold 3.00%
MMS Mcmillan Shakespeare Limited $12.15 5.19% Buy 3.10%
CNU Chorus Limited NZX $3.60 5.18% N/A 8.70%
HGG Henderson Group PLC Cdi 1:1 $3.94 4.95% Hold 1.00%

* 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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