Dividend Yield Scan (9 January 2017 - 36 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 $0.83 9.64% Hold -9.90%
SPO Spotless Group Holdings Limited $0.96 8.85% Hold 1.40%
AIZ Air New Zealand Limited NZ $2.15 8.75% Hold -33.20%
CMW Cromwell Property Group Stapled $0.98 8.55% Strong Sell 0.40%
GMA Genworth Mortgage Insurance Australia Limited $3.33 8.41% Buy -24.50%
GNE Genesis Energy Limited NZX $2.03 7.20% N/A 1.20%
CQR Charter Hall Retail Reit Unit $4.26 6.62% Sell 3.20%
GEM G8 Education Limited $3.64 6.59% N/A 0.00%
DUE Duet Group Forus $2.81 6.50% Hold 3.60%
SKT SKY Network Television Limited NZ $4.45 6.36% N/A -0.60%
GOZ Growthpoint Properties Australia Stapled $3.30 6.33% Hold 2.90%
NAB National Australia Bank Limited $31.52 6.28% Hold -1.10%
CWN Crown Resorts Limited $11.63 6.23% Buy -11.30%
BOQ Bank of Queensland Limited $12.20 6.23% Hold 1.50%
PTM Platinum Asset Management Limited $5.26 6.08% Strong Sell 0.80%
VCX Vicinity Centres Stapled $2.97 5.93% Hold 1.80%
CHC Charter Hall Group Forus $4.73 5.92% Hold 3.90%
TLS Telstra Corporation Limited $5.26 5.89% Hold 2.40%
HVN Harvey Norman Holdings Limited $5.13 5.85% Hold 0.10%
SPK Spark New Zealand Limited NZX $3.47 5.82% N/A -4.90%
IFL Ioof Holdings Limited $9.37 5.82% Hold 1.40%
AHG Automotive Holdings Group Limited $3.92 5.74% Buy 4.40%
SCP Shopping Centres Australasia Property Group Stapled $2.22 5.68% Sell 4.70%
BWP BWP Trust Ord Units $3.03 5.64% Strong Sell 2.40%
WBC Westpac Banking Corporation $33.47 5.62% Buy 0.50%
ABP Abacus Property Group Stapled $3.05 5.57% Hold 2.90%
CSR CSR Limited $4.52 5.53% Hold 2.10%
SGP Stockland Stapled $4.56 5.46% Buy 3.30%
AST Ausnet Services Limited $1.605 5.40% Hold 3.30%
AMP AMP Limited $5.28 5.30% Buy 1.40%
BEN Bendigo And Adelaide Bank Limited $13.00 5.23% Hold 1.60%
PPT Perpetual Limited $49.29 5.17% Hold 3.30%
ANZ Australia And New Zealand Banking Group Limited $31.38 5.10% Buy 0.90%
SVW Seven Group Holdings Limited $7.86 5.09% N/A 0.00%
SUN Suncorp Group Limited $13.59 5.00% Hold 4.50%
CBA Commonwealth Bank of Australia $84.13 4.99% Hold 1.10%

* 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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