Dividend Yield Scan (9 August - 38 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 $0.795 10.06% Hold -9.90%
GMA Genworth Mortgage Insurance Australia Limited $3.23 8.67% Buy -22.20%
AIZ Air New Zealand Limited NZ $2.14 8.32% Hold 45.80%
CMW Cromwell Property Group Stapled $1.075 7.63% Strong Sell 3.80%
NAB National Australia Bank Limited $26.24 7.55% Hold -0.90%
SPO Spotless Group Holdings Limited $1.20 7.50% N/A -17.00%
BOQ Bank of Queensland Limited $10.50 7.24% Hold 1.30%
DUE Duet Group Forus $2.61 6.90% Hold 5.70%
GNE Genesis Energy Limited NZX $2.11 6.85% N/A 5.20%
ANZ Australia And New Zealand Banking Group Limited $25.70 6.81% Hold -6.30%
GEM G8 Education Limited $3.61 6.65% N/A 5.10%
BEN Bendigo And Adelaide Bank Limited $10.15 6.60% Hold 1.10%
AWC Alumina Limited $1.375 6.46% Hold -9.70%
WAM WAM Capital Limited $2.27 6.39% N/A N/A
MND Monadelphous Group Limited $11.80 6.27% Strong Sell -26.30%
CSR CSR Limited $3.78 6.22% Hold -3.20%
GOZ Growthpoint Properties Australia Stapled $3.30 6.21% N/A 4.00%
ORG Origin Energy Limited $5.66 6.18% Buy -52.20%
WBC Westpac Banking Corporation $30.44 6.18% Strong Buy 0.90%
IFL Ioof Holdings Limited $9.31 6.07% Hold 0.90%
CQR Charter Hall Retail Reit Unit $4.65 6.04% Strong Sell 2.80%
PTM Platinum Asset Management Limited $6.03 5.97% Sell -16.20%
SKT SKY Network Television Limited NZ $4.67 5.87% N/A 2.50%
SPK Spark New Zealand Limited NZX $3.52 5.59% N/A 11.10%
AAD Ardent Leisure Group Stapled $2.25 5.56% Hold 7.50%
TLS Telstra Corporation Limited $5.61 5.53% Hold 3.20%
CBA Commonwealth Bank of Australia $77.20 5.44% Hold 0.80%
ABP Abacus Property Group Stapled $3.14 5.41% Hold 15.90%
PPT Perpetual Limited $46.55 5.37% Hold 1.30%
BHP BHP Billiton Limited $20.48 5.33% Hold -43.50%
SCP Shopping Centres Australasia Property Group Stapled $2.29 5.33% Strong Sell 5.60%
VCX Vicinity Centres Stapled $3.33 5.32% Hold 3.00%
AHG Automotive Holdings Group Limited $4.34 5.18% Strong Buy 5.90%
MQG Macquarie Group Limited $77.48 5.16% Hold 5.00%
ORI Orica Limited $14.88 5.14% Hold -19.30%
SVW Seven Group Holdings Limited $7.85 5.10% Hold 0.00%
SUN Suncorp Group Limited $13.72 4.96% Hold 3.60%
IAG Insurance Australia Group Limited $6.03 4.81% Hold 7.40%

* Share prices as at previous close. Companies with a yield just under the 5% cut-off might still be included. 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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