Dividend Yield Scan (8 March - 49 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 $2.55 12.28% 17.54% Buy 1
AIZ Air New Zealand Foreign Exempt NZX $2.45 8.42% 8.42% N/A 1
BOQ Bank of Queensland $9.19 8.27% 11.81% Sell 1
IFL IOOF Holdings Limited $6.48 8.10% 11.57% Hold 1
PGH Pact Group Holdings Limited $2.93 7.85% 10.03% Hold 1
HVN Harvey Norman $3.83 7.83% 11.19% Hold 1
NAB National Aust. Bank $25.67 7.71% 11.02% Buy 1
CSR CSR Limited $3.45 7.68% 10.55% Hold 1
SGP Stockland FP Ordinary/Units Stapled Securities $3.68 7.34% 7.34% Hold 1
AVN Aventus Group FP Ordinary/Units Stapled Securities $2.26 7.24% 7.24% Buy 1
BEN Bendigo and Adelaide $9.80 7.14% 10.20% Strong Sell 1
CMW Cromwell Prop FP Ordinary/Units Stapled Securities $1.105 7.05% 7.05% Sell 1
SKI Spark Infrastructure Stapled $0.65 Loan Note and Unit US Prohib $2.29 6.99% 6.99% Sell 1
WAM WAM Capital Limited $2.25 6.89% 9.84% N/A 1
WBC Westpac Banking Corp $27.34 6.88% 9.82% Hold 1
PPT Perpetual Limited $39.36 6.73% 9.62% Hold 1
GMA Genworth Mortgage $2.53 6.72% 9.60% Buy 1
SUL Super Ret Rep Limited $7.62 6.43% 9.19% Buy 1
WES Wesfarmers Limited $34.46 6.38% 9.12% Hold 1
VCX Vicinity Centres FP Ordinary/Units Stapled Securities $2.55 6.33% 6.33% Hold 1
WHC Whitehaven Coal $4.61 6.29% 6.29% Buy 1
CQR Charter Hall Retail Units FP $4.66 6.11% 6.11% Strong Sell 1
AMP AMP Limited $2.37 5.91% 7.46% Hold 1
SCP Sca Property Group FP Units Stapled Securities $2.46 5.83% 5.83% Sell 1
MMS Mcmillan Shakespeare $12.34 5.83% 8.57% Buy 1
JBH JB Hi-Fi Limited $23.62 5.80% 8.29% Hold 1
CBA Commonwealth Bank $74.68 5.77% 8.24% Hold 1
ANZ ANZ Banking Group Limited $27.75 5.77% 8.24% Buy 1
JHG Janus Henderson Chess Depositary Interests 1:1 $34.28 5.74% 5.74% N/A 1
PDL Pendal Group Limited $9.08 5.73% 6.09% N/A 1
GNE Genesis Energy Limited Foreign Exempt NZX $2.77 5.60% 5.60% N/A 1
WPL Woodside Petroleum $35.77 5.59% 7.98% Buy 1
SCG Scentre Group FP Ordinary/Units Stapled Securities $3.99 5.55% 5.88% Buy 1
GOZ Growthpoint Property FP Ordinary/Units Stapled Securities $4.09 5.53% 5.53% Strong Sell 1
GEM G8 Education Limited $3.27 5.51% 7.86% Buy 1
CCL Coca-Cola Amatil $8.60 5.47% 6.79% Sell 1
SPK Spark New Zealand Foreign Exempt NZX $3.62 5.46% 5.46% N/A 1
BLD Boral Limited $5.00 5.40% 6.56% Buy 1
VVR Viva Energy REIT FP Ordinary/Units Stapled Securities $2.45 5.39% 5.39% Strong Buy 1
AGL AGL Energy Limited $21.97 5.37% 7.21% Hold 1
PTM Platinum Asset $5.44 5.33% 7.61% Strong Sell 1
NSR National Storage FP Ordinary/Units Stapled Securities $1.77 5.31% 5.31% Hold 1
AST Ausnet Services Limited $1.79 5.30% 5.76% Hold 1
CEN Contact Energy Limited Foreign Exempt NZX $0.00 5.19% 5.19% N/A 1
AZJ Aurizon Holdings Limited $4.73 5.18% 6.61% Sell 1
ZEL Z Energy Limited Foreign Exempt NZX $6.15 5.17% 5.17% N/A 1
SYD SYD Airport FP Ordinary/Units Stapled Securities $7.29 5.14% 5.14% Hold 1
CWN Crown Resorts Limited $11.80 5.09% 6.39% Hold 1
SKC Skycity Ent Group Limited Foreign Exempt NZX $3.68 5.07% 5.07% N/A 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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