Dividend Yield Scan (7 November 2016 - 48 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 $0.68 11.77% Hold -9.90%
GMA Genworth Mortgage Insurance Australia Limited $2.85 9.83% Buy -22.20%
AIZ Air New Zealand Limited NZ $1.925 9.77% Hold -33.80%
CMW Cromwell Property Group Stapled $0.905 9.16% Strong Sell 0.40%
SPO Spotless Group Holdings Limited $0.965 8.81% Hold 2.20%
DUE Duet Group Forus $2.25 8.00% Hold 3.60%
GNE Genesis Energy Limited NZX $1.88 7.78% N/A 5.40%
GEM G8 Education Limited $3.23 7.43% N/A 0.00%
NAB National Australia Bank Limited $28.45 6.96% Hold -1.10%
BOQ Bank of Queensland Limited $11.08 6.86% Hold 1.50%
GOZ Growthpoint Properties Australia Stapled $3.06 6.70% N/A -1.50%
CQR Charter Hall Retail Reit Unit $4.20 6.69% Strong Sell 3.00%
SKT SKY Network Television Limited NZ $4.30 6.58% N/A -0.80%
CWN Crown Resorts Limited $11.15 6.50% Strong Buy -9.00%
HVN Harvey Norman Holdings Limited $4.68 6.41% Hold -0.40%
VCX Vicinity Centres Stapled $2.78 6.37% Hold 2.00%
TLS Telstra Corporation Limited $4.88 6.35% Hold 2.40%
WAM WAM Capital Limited $2.30 6.30% N/A N/A
CSR CSR Limited $3.97 6.30% Hold -2.20%
SPK Spark New Zealand Limited NZX $3.21 6.29% N/A -0.80%
SKI Spark Infrastructure Group Forus $2.11 6.28% Hold N/A
CHC Charter Hall Group Forus $4.32 6.23% Hold 3.90%
ABP Abacus Property Group Stapled $2.74 6.20% N/A 2.00%
AHG Automotive Holdings Group Limited $3.66 6.15% N/A 5.70%
WBC Westpac Banking Corporation $31.09 6.05% Buy 0.80%
BWP BWP Trust Ord Units $2.79 6.02% N/A 2.90%
AMP AMP Limited $4.70 5.96% Buy 1.80%
SGP Stockland Stapled $4.14 5.92% Hold 3.30%
AST Ausnet Services Limited $1.485 5.83% Hold 2.90%
SCP Shopping Centres Australasia Property Group Stapled $2.10 5.81% Sell 4.20%
BEN Bendigo And Adelaide Bank Limited $11.74 5.79% Hold 1.90%
PTM Platinum Asset Management Limited $5.54 5.78% Hold 1.20%
ANZ Australia And New Zealand Banking Group Limited $27.85 5.75% Buy 1.20%
SUN Suncorp Group Limited $12.09 5.62% Hold 4.50%
APA APA Group Stapled $7.52 5.52% Hold 6.60%
CBA Commonwealth Bank of Australia $76.87 5.46% Hold 1.10%
PPT Perpetual Limited $47.03 5.42% Hold 3.30%
CNU Chorus Limited NZX $3.48 5.33% N/A 8.70%
TAH Tabcorp Holdings Limited $4.56 5.26% Hold 4.10%
MQG Macquarie Group Limited $83.46 5.15% Hold 5.60%
FXJ Fairfax Media Limited $0.785 5.10% Buy 11.80%
AZJ Aurizon Holdings Limited $4.83 5.09% Hold -0.20%
FLT Flight Centre Travel Group Limited $30.05 5.06% Hold 2.70%
STO Santos Limited $4.00 5.00% Buy -66.00%
SKC Skycity Entertainment Group Limited NZX $3.63 4.80% N/A 1.60%
HGG Henderson Group PLC Cdi 1:1 $4.10 4.75% Hold 0.00%
IAG Insurance Australia Group Limited $5.50 4.73% Hold -9.10%
QBE QBE Insurance Group Limited $11.19 4.56% N/A 3.70%

* 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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