News
Evening Wrap: ASX 200 edges higher on big broker price target hikes in property sector, uranium and copper slow burn continues
Thu 03 Oct 24, 5:35pm (AEST)
Dividends
Dividend yield scan: The highest yielding ASX stocks – Week 5
By
Kerry Sun
Wed 31 Jan 24, 2:21pm (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Only four high yielding ASX 300 companies are forecast to grow dividends in FY24
- The average high yielding stock has slumped 12.7% in the past twelve months
The dividend yield scan locates ASX 300 companies with a trailing yield of more than 8% and identifies the ones forecast to raise dividends in FY24.
There are currently 27 companies with a trailing dividend of more than 8%.
13 companies are from the Financials sector
The list includes 7 listed investment funds/trusts
The average 1-year performance across the 27 stocks is -12.7%
The Highest Dividend Yields
The below data is sorted from highest to lowest yield (excluding listed investment funds and trusts).
Code | Company | Price | Yield | 1-Year |
|---|---|---|---|---|
Yancoal Australia | $5.90 | 18.14% | 0.17% | |
APM Human Services | $0.73 | 13.64% | -71.83% | |
Myer | $0.68 | 13.24% | -30.26% | |
New Hope Corp | $5.39 | 13.00% | -8.11% | |
Magellan | $9.01 | 12.95% | 1.01% | |
Zimplats | $22.10 | 12.71% | -22.73% | |
Cromwell Property Group | $0.41 | 12.09% | -43.45% | |
Platinum Asset Management | $1.17 | 11.99% | -45.70% | |
Helia Group | $4.88 | 11.28% | 74.11% | |
Woodside | $32.22 | 10.54% | -11.14% | |
BSP Financial | $6.00 | 10.43% | 32.16% | |
Centuria Office REIT | $1.32 | 9.86% | -17.34% | |
Insignia Financial | $2.11 | 9.41% | -39.69% | |
IGO | $7.91 | 9.36% | -45.74% | |
Air New Zealand | $0.60 | 9.16% | -15.49% | |
Growthpoint Properties | $2.41 | 8.90% | -25.77% | |
Whitehaven Coal | $8.33 | 8.88% | -0.83% | |
Liberty Financial | $4.19 | 8.54% | 5.81% | |
Abacus | $1.11 | 8.51% | -60.39% | |
Accent Group | $2.06 | 8.50% | -5.94% |
Data as at Tuesday, 30 January 2024 close (Source: Refinitiv)
Four Stocks Forecast to Grow Dividends
Only four stocks (ex-funds and trusts) are forecast to grow their dividend payouts (nominal amount) in 2024, unchanged from last week's scan. This includes:
Yancoal
Myer
Helia Group
Insignia Financial
Related Tags
Get the latest news and insights direct to your inbox
Latest Articles
The ASX companies enjoying the biggest broker upgrades and price target increases this week
Carl Capolingua · Thu 03 Oct 24, 2:49pm (AEST)
Goldman Sachs' new high-conviction stock pick
Kerry Sun · Thu 03 Oct 24, 11:13am (AEST)