Dividend Yield Scan (31 October - 42 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 Gross Consensus DPS Gr.
FMG Fortescue Metals Group LTD $4.74 9.49% 13.56% Hold 0.60%
GMA Genworth Mortgage Insurance Australia Limited $2.84 9.16% 13.08% Hold -26.30%
TLS Telstra Corporation Limited $3.53 8.78% 12.54% Hold -15.80%
CMW Cromwell Property Group Stapled $0.985 8.34% 8.47% Hold -1.90%
CQR Charter Hall Retail Reit Unit $4.04 6.96% 6.96% Hold 0.70%
GNE Genesis Energy Limited NZX $2.14 6.92% 6.92% N/A 0.70%
HVN Harvey Norman Holdings Limited $3.90 6.67% 9.52% Hold -3.80%
VCX Vicinity Centres Stapled $2.64 6.60% 6.55% Hold -0.10%
GOZ Growthpoint Properties Australia Stapled $3.32 6.48% 6.48% Strong Sell 4.80%
AIZ Air New Zealand Limited NZX $2.99 6.43% 6.42% Hold -9.30%
NEC Nine Entertainment Co. Holdings Limited $1.495 6.36% 9.08% Hold 0.00%
SPK Spark New Zealand Limited NZX $3.25 6.16% 6.16% N/A -0.90%
NAB National Australia Bank Limited $32.82 6.03% 8.62% N/A -0.20%
SUL Super Retail Group Limited $7.75 6.00% 8.57% Buy 4.40%
SWM Seven West Media Limited $0.67 5.97% 8.52% Hold -6.50%
AHG Automotive Holdings Group Limited $3.20 5.94% 8.48% Buy 6.40%
SGP Stockland Stapled $4.50 5.81% 5.67% Hold 5.30%
BWP BWP Trust Ord Units $3.05 5.78% 5.74% Strong Sell 0.10%
CCL Coca-cola Amatil Limited $8.00 5.75% 7.54% Hold 1.10%
AMP AMP Limited $4.97 5.73% 7.95% Hold 2.10%
BEN Bendigo And Adelaide Bank Limited $11.95 5.69% 8.13% N/A 3.30%
WBC Westpac Banking Corporation $33.28 5.65% 8.07% Buy N/A
BOQ Bank of Queensland Limited $13.47 5.64% 8.06% Hold -0.90%
SCP Shopping Centres Australasia Property Group Stapled $2.31 5.60% 5.67% Hold 3.30%
TAH Tabcorp Holdings Limited $4.50 5.56% 7.94% Hold 2.60%
CBA Commonwealth Bank of Australia $78.12 5.49% 7.84% Hold 1.30%
FBU Fletcher Building Limited NZX $6.56 5.44% 5.44% Hold 1.20%
CSR CSR Limited $4.82 5.39% 5.97% Hold -4.90%
SUN Suncorp Group Limited $13.55 5.39% 7.70% Hold 2.30%
WES Wesfarmers Limited $41.72 5.35% 7.64% Hold 3.20%
PPT Perpetual Limited $49.61 5.34% 7.63% Hold 4.30%
SCG Scentre Group Stapled $4.00 5.34% 5.69% Buy 2.00%
ANZ Australia And New Zealand Banking Group Limited $30.03 5.33% 7.61% Hold 2.20%
GEM G8 Education Limited $4.51 5.32% 7.60% Strong Buy -8.70%
CHC Charter Hall Group Forus $5.78 5.31% 5.19% Hold 6.40%
CNU Chorus Limited NZX $3.65 5.30% 5.30% N/A 1.50%
CWN Crown Resorts Limited $11.47 5.23% 6.58% Hold -33.80%
JBH JB Hi-fi Limited $22.94 5.14% 7.35% Hold 8.60%
QBE QBE Insurance Group Limited $10.76 5.11% 6.03% Hold -12.40%
NHC New Hope Corporation Limited $1.96 5.10% 7.29% Hold -45.20%
APA APA Group Stapled $8.53 5.10% 5.57% Hold 5.80%
AST Ausnet Services Limited $1.77 4.97% 5.50% N/A -0.80%
SKC Skycity Entertainment Group Limited NZX $3.47 4.85% 4.85% N/A 4.40%
MEZ Meridian Energy Limited NZX $2.54 4.72% 4.72% N/A 2.00%
MCY Mercury NZ Limited NZX $2.93 4.56% 4.56% N/A -9.10%

* 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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