Dividend Yield Scan (5 December 2016 - 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 Consensus DPS Growth
SWM Seven West Media Limited $0.71 11.27% Hold -9.90%
GMA Genworth Mortgage Insurance Australia Limited $3.00 9.33% Buy -24.50%
AIZ Air New Zealand Limited NZ $2.04 9.22% Hold -33.50%
CMW Cromwell Property Group Stapled $0.91 9.11% Strong Sell 0.40%
DUE Duet Group Forus $2.35 7.66% Hold 3.60%
GNE Genesis Energy Limited NZX $1.925 7.60% N/A 5.50%
GEM G8 Education Limited $3.28 7.32% N/A 0.00%
NAB National Australia Bank Limited $29.07 6.81% Hold -1.10%
CQR Charter Hall Retail Reit Unit $4.15 6.77% Sell 3.00%
GOZ Growthpoint Properties Australia Stapled $3.05 6.72% N/A -1.50%
BOQ Bank of Queensland Limited $11.42 6.66% Hold 1.50%
SKT SKY Network Television Limited NZ $4.43 6.39% N/A -0.70%
TLS Telstra Corporation Limited $4.95 6.26% Hold 2.40%
VCX Vicinity Centres Stapled $2.83 6.25% Hold 2.00%
AHG Automotive Holdings Group Limited $3.61 6.23% Buy 4.40%
IFL Ioof Holdings Limited $8.80 6.19% Hold 1.40%
HVN Harvey Norman Holdings Limited $4.86 6.17% Hold 0.10%
CHC Charter Hall Group Forus $4.41 6.10% Hold 3.90%
CWN Crown Resorts Limited $11.91 6.09% Strong Buy -9.00%
AMP AMP Limited $4.64 6.03% Buy 1.40%
WBC Westpac Banking Corporation $31.34 6.00% Buy 0.50%
SPK Spark New Zealand Limited NZX $3.37 5.99% N/A -0.70%
AST Ausnet Services Limited $1.445 5.99% Hold 3.30%
BWP BWP Trust Ord Units $2.85 5.89% Strong Sell 2.90%
ABP Abacus Property Group Stapled $2.89 5.88% Hold 2.90%
PTM Platinum Asset Management Limited $5.44 5.88% Sell 0.80%
SCP Shopping Centres Australasia Property Group Stapled $2.08 5.87% Sell 4.70%
SGP Stockland Stapled $4.24 5.78% Buy 3.30%
AAD Ardent Leisure Group Stapled $2.17 5.76% Hold -2.20%
CSR CSR Limited $4.35 5.75% Hold 2.40%
ANZ Australia And New Zealand Banking Group Limited $28.46 5.62% Buy 0.90%
BEN Bendigo And Adelaide Bank Limited $12.28 5.54% Hold 1.90%
PPT Perpetual Limited $46.92 5.44% Hold 3.30%
CBA Commonwealth Bank of Australia $78.60 5.34% Hold 1.10%
SUN Suncorp Group Limited $12.78 5.32% Hold 4.50%
APA APA Group Stapled $7.82 5.31% Hold 6.60%
SCG Scentre Group Stapled $4.11 5.13% Hold 2.60%
TAH Tabcorp Holdings Limited $4.69 5.12% Hold 4.10%
AZJ Aurizon Holdings Limited $4.96 4.96% Hold 4.80%
MGR Mirvac Group Stapled $2.00 4.95% Buy 4.80%
HGG Henderson Group PLC Cdi 1:1 $3.95 4.93% Hold -0.60%
CNU Chorus Limited NZX $3.77 4.92% N/A 8.80%

* Share prices and and yield data as at previous close. 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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