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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
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