Receiving dividends is one of the most satisfying things about investing in shares. Having money hit the bank with no effort is a satisfying feeling.
The important thing with 'dividend shares' is to pick shares that are at least maintaining if not growing the dividend.
Here are ten of my favourite dividend ideas at the current prices with yields over 4.5%:
Arena REIT No 1 (ASX: ARF) is a real estate investment trust (REIT) that has a large, growing property portfolio of childcare centres and a few healthcare buildings. It has a trailing distribution yield of 5.53%.
Australian United Investment Company Ltd (ASX: AUI) is a listed investment company (LIC) that has been operating and paying dividends for decades. It focuses on Australia's large caps and currently has a grossed-up dividend yield of 5.9%
Clime Capital Limited (ASX: CAM) is a small LIC that has the ability to invest in any stock on the ASX or overseas that it thinks would be the best choice. It's currently trading with a grossed-up dividend yield of 8.06%.
Crown Resorts Ltd (ASX: CWN) is the resort and casino operator that is benefiting from the growth of Asians visiting Australia. It's currently trading with a committed partially franked dividend yield of 4.91%.
Greencross Limited (ASX: GXL) is the pet giant of Australia with its vet and Petbarn retail stores. Its growth strategies could work very well over the coming years. It's currently trading with a grossed-up dividend yield of 4.34%.
National Storage REIT (ASX: NSR) is the largest self-storage provider in Australia. The increasing cost of residential property makes it more economical to store items in a National Storage unit. It's trading with a trailing distribution yield of 5.98%.
Rural Funds Group (ASX: RFF) is the farmland-owning REIT that is growing its assets and distributions. It's currently trading with a trailing distribution yield of 5.28%.
Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) is an investment conglomerate that has been steadily growing and paying a dividend for a very long time. Its investment strategy should see it grow its current grossed-up dividend yield of 4.42% for many more years.
WAM Capital Limited (ASX: WAM) is a LIC run by Geoff Wilson. It has one of the best records over the past ten years and pays out most of its profit as a growing dividend. It's currently trading with a grossed-up dividend yield of 8.67%.
WAM Research Limited (ASX: WAX) is another LIC that's run by Geoff Wilson and also has the market-beating strategy of holding a lot of cash and focusing on smaller growth companies. It's currently trading with a grossed-up dividend yield of 8.12%.
Foolish takeaway
I think all of the above businesses are good dividend options. I think WAM Research, WAM Capital and Rural Funds Group will do the job best if you're looking for dividends and dividend growth. However, I think Greencross and Crown are trading at the best short to medium term value for capital growth.
