Dividend Yield Scan (4 April - 48 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 $2.26 10.62% 15.17% Hold 1.90%
GEM G8 Education Limited $2.60 8.46% 12.08% Strong Buy 0.00%
FMG Fortescue Metals Group $4.26 8.45% 12.07% Hold -7.20%
CMW Cromwell Prop Ordinary/Units FP Stapled Securities $1.055 7.91% 7.91% Sell -1.70%
TLS Telstra Corporation $3.15 7.30% 10.43% Hold -15.80%
CQR Charter Hall Retail Units FP $3.84 7.29% 7.29% Hold 1.00%
AWC Alumina Limited $2.36 7.29% 10.42% Buy -8.50%
BOQ Bank of Queensland $10.81 7.03% 10.04% Sell -2.90%
BEN Bendigo and Adelaide $9.84 7.01% 10.02% Hold 2.00%
VCX Vicinity Centres Ordinary/Units FP Stapled Securities $2.39 6.99% 6.99% Hold -1.80%
NAB National Aust. Bank $28.43 6.96% 9.95% Buy 0.10%
SUL Super Ret Rep Limited $6.69 6.95% 9.93% Buy 0.00%
GNE Genesis Energy Limited Foreign Exempt NZX $2.24 6.69% 6.69% N/A 0.50%
AIZ Air New Zealand Foreign Exempt NZX $3.01 6.67% 6.67% N/A -8.20%
GOZ Growthpoint Property Unit/ Stapled Securities $3.31 6.62% 6.62% Sell 2.30%
WBC Westpac Banking Corp $28.63 6.57% 9.38% Hold 2.20%
SGP Stockland Units/ Stapled Securities $3.98 6.51% 6.51% Buy 5.00%
SKI Spark Infrastructure Stapled $0.65 Loan Note and Unit US Prohib $2.36 6.46% 6.46% Hold 3.50%
HVN Harvey Norman $3.73 6.43% 9.19% Sell -6.40%
SPK Spark New Zealand Foreign Exempt NZX $3.16 6.27% 6.27% N/A -1.10%
ANZ ANZ Banking Group Limited $26.55 6.03% 8.61% Buy 1.50%
CBA Commonwealth Bank $72.26 5.95% 8.50% Hold 1.90%
PPT Perpetual Limited $45.57 5.93% 8.46% Sell 5.70%
AMP AMP Limited $4.94 5.87% 8.13% Hold 1.40%
BWP BWP Trust Ordinary Units FP $3.02 5.85% 5.85% Sell 1.00%
SCP Sca Property Group Units FP Stapled Securities $2.31 5.84% 5.84% Hold 3.40%
NHC New Hope Corporation $2.09 5.74% 8.20% Hold -2.50%
SCG Scentre Group Stapled Securities $3.80 5.72% 5.99% Buy 2.30%
APA APA Group Units FP Stapled Securities $7.72 5.70% 6.28% Hold 3.70%
CHC Charter Hall Group Stapled Securities US Prohibited $5.63 5.54% 6.02% Hold 7.20%
AHG Automotive Holdings $3.44 5.52% 7.89% Buy 2.60%
TAH Tabcorp Holdings Limited $4.27 5.50% 7.86% Buy -6.70%
SUN Suncorp Group Limited $13.33 5.48% 7.82% Buy 0.10%
AZJ Aurizon Holdings Limited $4.20 5.45% 6.62% Hold 5.40%
AST Ausnet Services Limited $1.66 5.44% 5.44% Sell -0.30%
IFL IOOF Holdings Limited $10.03 5.38% 7.69% Strong Buy 5.50%
WES Wesfarmers Limited $41.45 5.38% 7.69% Hold -5.10%
CCL Coca-Cola Amatil $8.75 5.37% 6.98% Hold -0.40%
PTM Platinum Asset $5.82 5.33% 7.61% Sell 6.10%
CNU Chorus Limited Foreign Exempt NZX $3.78 5.26% 5.26% N/A 1.30%
SYD SYD Airport FP Stapled Securities US Prohibited $6.57 5.25% 5.25% Strong Buy 8.20%
GPT GPT Group Stapled Securities FP $4.70 5.23% 5.23% Hold 3.50%
CSR CSR Limited $5.10 5.20% 6.31% Hold -5.20%
IFT Infratil Limited Foreign Exempt NZX $0.00 5.17% 5.17% N/A 6.90%
DXS Dexus Units FP Stapled $9.22 5.15% 5.38% Hold 1.60%
ABP Abacus Property Group Units/ Stapled Securities $3.48 5.10% 5.10% Hold 2.90%
SKC Skycity Ent Group Limited Foreign Exempt NZX $3.65 5.02% 5.02% N/A 6.10%
RIO RIO Tinto Limited $74.19 4.94% 7.05% Buy -0.50%

* 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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