Dividend Yield Scan (7 January - 40 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.
AWC Alumina Limited $2.29 11.41% 16.30% N/A 1
WHC Whitehaven Coal $2.61 10.73% 11.20% Buy 1
ZEL Z Energy Limited Foreign Exempt NZX $4.22 10.52% 10.52% N/A 1
YAL Yancoal Aust Limited $2.92 9.01% 9.01% Buy 1
BOQ Bank of Queensland $7.22 9.00% 12.86% Strong Sell 1
NHC New Hope Corporation $2.09 8.13% 11.62% N/A 1
HVN Harvey Norman $4.13 7.99% 11.41% Sell 1
ZIM Zimplats Holding Limited 10c US $11.50 7.64% 7.64% N/A 1
SKI Spark Infrastructure Stapled $0.65 Loan Note and Unit US Prohib $2.08 7.45% 7.45% N/A 1
AIZ Air New Zealand Foreign Exempt NZX $2.84 7.37% 7.37% N/A 1
WBC Westpac Banking Corp $24.34 7.15% 10.21% Hold 1
BEN Bendigo and Adelaide $9.82 7.13% 10.18% Strong Sell 1
WAM WAM Capital Limited $2.28 6.80% 9.71% N/A 1
NAB National Aust. Bank $24.55 6.76% 9.66% N/A 1
CQR Charter Hall Retail Units FP $4.31 6.73% 6.73% Sell 1
ANZ ANZ Banking Group Limited $24.63 6.50% 8.86% N/A 1
VCX Vicinity Centres FP Ordinary/Units Stapled Securities $2.52 6.21% 6.21% Hold 1
CMW Cromwell Prop FP Ordinary/Units Stapled Securities $1.19 6.19% 6.19% Strong Sell 1
PTM Platinum Asset $4.45 6.07% 8.67% Strong Sell 1
CMA Centuria Metro REIT Ordinary Units FP $2.91 6.05% 6.05% Hold 1
PPT Perpetual Limited $41.40 6.04% 8.63% Sell 1
JHG Janus Henderson Chess Depositary Interests 1:1 $34.61 5.98% 5.98% N/A 1
AVN Aventus Group FP Ordinary/Units Stapled Securities $2.84 5.92% 5.92% N/A 1
SGP Stockland FP Ordinary/Units Stapled Securities $4.70 5.87% 5.87% N/A 1
BLD Boral Limited $4.55 5.82% 7.07% Hold 1
AST Ausnet Services Limited $1.715 5.81% 6.99% Hold 1
AGL AGL Energy Limited $20.57 5.79% 7.77% Sell 1
SCG Scentre Group FP Ordinary/Units Stapled Securities $3.89 5.75% 6.09% Hold 1
GOZ Growthpoint Property FP Ordinary/Units Stapled Securities $4.23 5.53% 5.63% N/A 1
SCP Sca Property Group FP Units Stapled Securities $2.72 5.50% 5.50% Sell 1
SUN Suncorp Group Limited $12.78 5.48% 7.82% Hold 1
CBA Commonwealth Bank $79.77 5.40% 7.72% Sell 1
CIP Centuria I REIT Ordinary Units FP $3.49 5.32% 5.32% Hold 1
GNE Genesis Energy Limited Foreign Exempt NZX $2.98 5.24% 5.23% N/A 1
MTS Metcash Limited $2.51 5.18% 7.40% Hold 1
PDL Pendal Group Limited $8.79 5.12% 5.34% Hold 1
ABP Abacus Property Group FP Ordinary/Units Stapled Securities $3.66 5.11% 5.11% N/A 1
NSR National Storage FP Ordinary/Units Stapled Securities $1.94 5.05% 5.05% N/A 1
SKC Skycity Ent Group Limited Foreign Exempt NZX $3.77 5.03% 5.03% N/A 1
CSR CSR Limited $4.60 5.00% 6.07% Strong Sell 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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