It can be an interesting insight to know what brokers think of an ASX dividend share. The problem is that a single broker can be wrong or biased.
If you can get a consensus among brokers about which shares are best, then that may give a clue about what to buy and what to avoid.
Every so often MarketIndex collates the broker recommendations of 450 ASX shares and totals the buys, holds and sells for those shares. The higher or lower the average score the more of a strong buy, buy, hold, sell or strong sell that share is.
The below ideas have dividend yields above 5% and a market capitalisation above $1 billion. However, a high dividend yield can indicate a falling share price or limited growth prospects.
Here are three of the shares that fit the bill:
G8 Education Ltd (ASX: GEM)
G8 Education is one of the largest childcare operators in the country. It currently has a trailing grossed-up dividend yield of 7.3%.
With a shift to a half-yearly dividend policy and growing occupancy levels, it seems like G8 could be getting back to growth.
It's trading at under 14x FY19's estimated earnings.
Crown Resorts Ltd (ASX: CWN)
Crown is Australia's largest casino and entertainment complex business. It currently offers a partially franked dividend yield of 5.1%.
The recent fall in the share price on Chinese worries gives us another chance to buy Crown at a lower price. It has been over a year since the share price was under $12, but now we are a year closer to the completion of Crown Sydney.
It's currently trading at around 20x FY19's estimated earnings.
BHP Billiton Limited (ASX: BHP)
BHP is one of the largest resource businesses in the world. It currently offers a trailing grossed-up dividend yield of 6.9%.
Analysts now expect the resource sector to be good dividend payers for a while as long as the commodity prices hold up and companies such as BHP don't need to make large investments.
BHP is currently trading at 13x FY19's estimated earnings.
Foolish takeaway
These three dividend shares wouldn't be the at the top of my dividend list, but it's quite possible that they can deliver market-beating returns and a good dividend over the next 12 months. If I could only choose one for my portfolio today it would be Crown Resorts for the Crown Sydney potential.
