Who else wants 3 high-yielding dividend shares?

Village Roadshow Ltd (ASX:VRL), Bank of Queensland Limited (ASX:BOQ) and Medibank Private Ltd (ASX:MPL) could be three shares worth considering for income.

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

This week the Reserve Bank of Australia (RBA) announced that it would keep the official cash rate steady at 1.75%

In a sense that's good news for retirees who have chosen to keep their savings in a bank account – they wouldn't want the interest rate to be any lower!

For many other retirees who have chosen to invest their savings and superannuation into equities in the hope of achieving better returns on their money, the interest rate decision is of little consequence.

While its undoubtedly a difficult time for self-managed super funds and investors generally, there is some solace in the fact that many ASX-listed shares continue to offer attractive fully franked dividends well above the cash rate.

Many consider Telstra Corporation Ltd (ASX: TLS) to effectively be the benchmark stock when it comes to dividend yield – its currently trading on a trailing yield of 5.5% – which is fair enough considering the apparent maintainability of its dividend.

There are however a number of lesser followed but still attractive dividend opportunities. Here are three…

Village Roadshow Ltd (ASX: VRL) is forecast to pay a dividend in financial year (FY) 2017 of 28.5 cents per share (cps) implying a fully franked dividend yield of 5.5%.

Bank of Queensland Limited (ASX: BOQ) VRL) is forecast to pay a dividend in FY 2017 of 76.5 cps, implying a fully franked dividend yield of 7%.

Medibank Private Ltd (ASX: MPL) is still in the process of ramping up its dividend after many years as a government-owned entity. While the yield based on the pay out in FY 2017 might not appear that exciting, if investors take a longer term view and consider the forecast for FY 2018 of 14 cps then Medibank's expected yield is 4.4%.

Motley Fool contributor Tim McArthur has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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.

More on ⏸️ Dividend Shares

falling healthcare asx share price Mesoblast capital raising
⏸️ Dividend Shares

Sonic Healthcare (ASX:SHL) dividend rises 7%, share price falls after FY21 results

Triple digit profit growth and a solid dividend was not enough to impress investors on Monday.

Read more »

A smiling woman with a handful of $100 notes, indicating strong dividend payments
⏸️ Dividend Shares

The Adairs (ASX:ADH) dividend more than doubled in FY21

A record financial result will see a generous dividend paid out to Adairs shareholders.

Read more »

A businessman on a road raises his arms as dollar notes rain down on him.
⏸️ Dividend Shares

The Newcrest (ASX:NCM) dividend boosted 129%

Newcrest marks its sixth successive year of increasing dividend payments to shareholders

Read more »

Happy couple laughing while shopping in supermarket
52-Week Highs

August has been a great month so far for the Woolworths (ASX:WOW) share price

We take a look at how shares in the supermarket giant have been performing ahead of the company's full-year results

Read more »

wine glass full of coins
⏸️ Dividend Shares

The Treasury Wines (ASX:TWE) dividend bumped up by 60%

Here's how Treasury Wines dividends for FY21 have stacked up.

Read more »

Young boy cries and covers eyes with torn money on table
⏸️ Dividend Shares

The Origin (ASX:ORG) dividend has dropped 20%

What's happened to Origin's dividends?

Read more »

two people hold a sheet above their head while making a bed in a room featuring homewares.
Retail Shares

How did the Adairs (ASX:ADH) share price respond last earnings season?

The homewares retailer will be looking for another year like last year when it releases its FY21 earnings tomorrow.

Read more »

Two men excited to win online bet
Share Market News

Why the Tabcorp (ASX:TAH) dividend was boosted by 32%

The strong performance of Tabcorp's business will see a combined FY21 dividend of 14.5 cents.

Read more »