Dividend Yield Scan (16 May - 41 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, divided by the current share price. Data supplied by the ASX. Gross Yield calculated by Market Index.

DPS Growth
The forecasted average annual growth in dividends per share for the next 2 years.

Code Company Price Yield Gross Consensus DPS Gr.
GMA Genworth Mortgage $2.48 9.68% 13.82% Buy -2.90%
GEM G8 Education Limited $2.48 8.87% 12.67% Buy -2.80%
TLS Telstra Corporation $2.87 8.01% 11.45% Hold -15.80%
CMW Cromwell Prop Ordinary/Units FP Stapled Securities $1.09 7.65% 7.65% Sell -1.70%
BOQ Bank of Queensland $10.13 7.50% 10.72% Hold -1.00%
AMP AMP Limited $3.87 7.49% 10.38% Hold -3.70%
FMG Fortescue Metals Group $4.90 7.35% 10.49% Hold -16.50%
NAB National Aust. Bank $27.52 7.20% 10.28% Buy 0.00%
HVN Harvey Norman $3.49 6.88% 9.82% Sell -7.10%
GNE Genesis Energy Limited Foreign Exempt NZX $2.20 6.87% 6.87% N/A 0.50%
SKI Spark Infrastructure Stapled $0.65 Loan Note and Unit US Prohib $2.23 6.84% 6.84% Hold 3.50%
CQR Charter Hall Retail Units FP $4.11 6.81% 6.81% Sell 1.00%
PPT Perpetual Limited $40.62 6.65% 9.50% Hold 0.80%
AIZ Air New Zealand Foreign Exempt NZX $3.04 6.61% 6.61% N/A -8.20%
VCX Vicinity Centres Ordinary/Units FP Stapled Securities $2.54 6.58% 6.57% Hold -1.90%
GOZ Growthpoint Property Unit/ Stapled Securities $3.43 6.39% 6.38% Sell 2.30%
BEN Bendigo and Adelaide $11.00 6.27% 8.96% Hold 2.00%
WBC Westpac Banking Corp $30.01 6.27% 8.95% Buy 2.00%
SPK Spark New Zealand Foreign Exempt NZX $3.21 6.17% 6.17% N/A -1.00%
SGP Stockland Units/ Stapled Securities $4.21 6.15% 6.15% Buy 5.00%
AHG Automotive Holdings $3.10 6.13% 8.75% Buy 2.60%
AWC Alumina Limited $2.81 6.12% 8.75% Buy 0.20%
CBA Commonwealth Bank $70.92 6.06% 8.66% Hold 1.60%
IFL IOOF Holdings Limited $9.05 5.97% 8.52% Strong Buy 2.40%
JBH JB Hi-Fi Limited $22.36 5.90% 8.43% Hold 5.80%
SUL Super Ret Rep Limited $7.99 5.82% 8.31% Buy -0.90%
ANZ ANZ Banking Group Limited $27.74 5.77% 8.24% Buy 1.30%
SWM Seven West Media Limited $0.695 5.76% 8.22% Sell -29.30%
SCP Sca Property Group Units FP Stapled Securities $2.38 5.67% 5.67% Hold 3.40%
BWP BWP Trust Ordinary Units FP $3.16 5.59% 5.59% N/A 1.00%
AST Ausnet Services Limited $1.69 5.47% 5.47% Hold 4.00%
CNU Chorus Limited Foreign Exempt NZX $3.68 5.41% 5.40% N/A 1.30%
APA APA Group Units FP Stapled Securities $8.21 5.36% 5.91% Hold 3.70%
SCG Scentre Group Stapled Securities $4.12 5.27% 5.52% Buy 2.30%
AZJ Aurizon Holdings Limited $4.36 5.25% 6.38% Hold 2.20%
CCL Coca-Cola Amatil $8.96 5.25% 6.82% Hold -0.40%
SUN Suncorp Group Limited $14.00 5.21% 7.45% Buy 0.10%
CSR CSR Limited $5.28 5.11% 6.48% Sell -3.10%
SKC Skycity Ent Group Limited Foreign Exempt NZX $3.60 5.09% 5.09% N/A 6.20%
IFT Infratil Limited Foreign Exempt NZX $0.00 5.05% 5.05% N/A 6.90%
GPT GPT Group Stapled Securities FP $4.88 5.04% 5.04% Hold 3.50%

* 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&039;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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