Dividend Yield Scan (22 February - 43 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.
SKT Sky Network $2.63 10.69% 10.69% N/A -15.60%
GMA Genworth Mortgage $2.65 9.06% 12.94% Hold -19.00%
FMG Fortescue Metals Group $5.11 8.81% 12.58% Buy -9.20%
CMW Cromwell Prop Ordinary/Units FP Stapled Securities $0.98 8.51% 8.51% Sell 0.20%
GEM G8 Education Limited $3.17 7.57% 10.81% Buy -8.70%
CQR Charter Hall Retail Units FP $3.77 7.43% 7.43% Hold 0.30%
AIZ Air New Zealand Foreign Exempt NZX $2.76 6.96% 6.96% N/A -22.60%
GOZ Growthpoint Property Unit/ Stapled Securities $3.16 6.93% 6.93% Strong Sell 4.80%
GNE Genesis Energy Limited Foreign Exempt NZX $2.18 6.79% 6.79% N/A 0.50%
NAB National Aust. Bank $29.38 6.74% 9.63% Buy 0.10%
TLS Telstra Corporation $3.43 6.71% 9.58% Hold -15.80%
VCX Vicinity Centres Ordinary/Units FP Stapled Securities $2.52 6.63% 6.63% Hold -2.20%
SPK Spark New Zealand Foreign Exempt NZX $3.11 6.44% 6.44% N/A -1.10%
SUL Super Ret Rep Limited $7.35 6.33% 9.04% Buy 4.70%
SGP Stockland Units/ Stapled Securities $4.11 6.30% 6.30% Buy 5.30%
WBC Westpac Banking Corp $30.17 6.23% 8.90% Buy 2.20%
BEN Bendigo and Adelaide $11.22 6.15% 8.79% Hold 2.40%
BOQ Bank of Queensland $12.37 6.14% 8.78% Sell -1.80%
SCP Sca Property Group Units FP Stapled Securities $2.24 6.03% 6.03% Hold 3.50%
BWP BWP Trust Ordinary Units FP $2.93 6.03% 6.03% Sell 0.80%
HVN Harvey Norman $4.44 5.86% 8.36% Sell -3.80%
CBA Commonwealth Bank $74.33 5.79% 8.26% Hold 1.80%
FXJ Fairfax Media Limited $0.695 5.76% 7.84% Hold 0.00%
ANZ ANZ Banking Group Limited $28.12 5.69% 8.13% Buy 1.60%
AHG Automotive Holdings $3.37 5.64% 8.05% Buy -2.70%
NEC Nine Entertainment $1.695 5.61% 8.01% Hold -1.30%
SUN Suncorp Group Limited $13.15 5.55% 7.93% Buy 1.00%
AMP AMP Limited $5.23 5.55% 7.68% Buy 1.40%
AST Ausnet Services Limited $1.645 5.49% 5.49% Sell -0.30%
CHC Charter Hall Group Stapled Securities US Prohibited $5.84 5.34% 5.80% Hold 4.30%
APA APA Group Units FP Stapled Securities $0.00 5.33% 5.57% Hold 4.40%
CSR CSR Limited $4.98 5.32% 6.46% Hold -5.20%
WES Wesfarmers Limited $41.99 5.31% 7.59% Hold -4.90%
CNU Chorus Limited Foreign Exempt NZX $3.64 5.31% 5.31% N/A 1.30%
SYD SYD Airport FP Stapled Securities US Prohibited $6.52 5.29% 5.29% Strong Buy 7.70%
CCL Coca-Cola Amatil $8.83 5.21% 6.83% Hold 1.10%
QBE QBE Insurance Group $10.56 5.21% 6.15% Buy -19.00%
IFL IOOF Holdings Limited $10.41 5.19% 7.41% Buy 5.90%
GPT GPT Group Stapled Securities FP $4.79 5.14% 5.14% Hold 2.90%
ABP Abacus Property Group Units/ Stapled Securities $3.48 5.10% 5.10% Hold 2.90%
PPT Perpetual Limited $52.87 5.01% 7.16% Hold 6.30%
AZJ Aurizon Holdings Limited $4.61 4.97% 6.03% Hold 3.90%
MGR Mirvac Group Stapled Securities $2.12 4.95% 4.95% Hold 3.60%

* 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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