Here are 3 dividend shares on my shopping list

The Telstra Corporation Ltd (ASX:TLS) share price has fallen sharply this year. I believe this makes it one of three dividend shares in the buy zone today. Here's why…

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Following a weak inflation reading earlier this week, any hope of interest rates rising in the near future appear to have been dismissed. Whilst this is great news for borrowers, it certainly isn't for savers.

So instead of keeping money in a supposedly high interest savings account, I think investors would be better off investing it in one of the many high quality dividend shares the Australian share market has on offer.

Here are three worth considering:

Flight Centre Travel Group Ltd (ASX: FLT)

This travel agent may have had a tough time of late, but I believe it has made key investments in emerging markets which could provide the company with significant long-term growth. Together with its focus on cost-cutting, I don't believe the future is as bleak as many make it out to be. So with its shares providing a trailing fully franked 4.3% dividend, now could be a great time to pick up shares.

Mantra Group Ltd (ASX: MTR)

With inbound tourism growing at a rapid pace, I expect demand for this leading accommodation provider's rooms to increase. As demand increases I believe Mantra will enjoy higher occupancy levels and room rates, leading to solid profit growth. This should put the company in a position to continue to grow its trailing fully franked 3.7% dividend.

Telstra Corporation Ltd (ASX: TLS)

Thanks to a sharp drop in the telco giant's share price this year, its shares now provide a trailing fully franked 7.3% dividend. While there are concerns over TPG Telecom Ltd (ASX: TPM) launching its own mobile network and stealing market share, I believe Optus and Vodafone are likely to suffer the most. With such a big yield on offer, I feel Telstra offers income investors a compelling risk/reward.

The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Flight Centre Travel Group Limited and Telstra Limited. Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia owns shares of TPG Telecom Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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