Here are some very interesting findings from our Dividend Search Report:

The first 3 “Super Yield Stocks”

GPT (27.5% Yield), Duet Group (20.4%) and MIG (19.5%) - all sound good? But the likelihood their dividend will be slashed or even cancelled is also very high - although they are tarding at historical low P/E - until their next announcements are coming out - their profit may disappear or even into  a loss!

Also high on our list is Macquarie Group, whic appears around 18.8% yield if they can really pay the dividend they have stated.

But some other companies in a less risky areas are also on the agenda - Tabcorp is there at around 14.8% based on the price of $6.38, which could go higher considering it had just completed a placement which could send share price lower once they are issued.

David Jones, although facing poor retail trading, the dividend is very high as well, almost 10%, hope they can maintain it.

Surprisingly, I also found Orica, a fertiliser company there with around 9% and Aristocrat, the gaming technology companies with around 8.5% yield if they can maintain them.

Lots of small cap companies dominated by the property groups are also on the list but the liklihood is very small to maintain dividend for many of these groups.

Our Dividend Finder Report will be released very soon to our members and investors in general.