Simple: 3 dividend stocks I'd buy today

Vocus Group Ltd (ASX:VOC), TPG Telecom Ltd (ASX:TPM) and Flight Centre Travel Group Ltd (ASX:FLT) appear good value.

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Let's keep it simple. Here are three ASX dividend stocks I'd buy today:

  • Vocus Group Ltd (ASX: VOC)
  • Flight Centre Travel Group Ltd (ASX: FLT)

Let's start with the Flight Centre.

Flight Centre – forecast dividend yield: 4.8% fully franked

Flight Centre is Australia's largest bricks and mortar travel agent with a host of retail names such as Flight Centre, Student Flights, Escape Travel and more. The Flight Centre share price has struggled in recent times, as investors grew concerned about the company's minimal online presence. However, I think it is important to remember that this company is a market leader, is growing overseas and in corporate travel, and has a very strong balance sheet. It is also very well managed.

Vocus Group & TPG Telecom

I have lumped these two companies together because they are dealing with similar pains at the moment. Shares in both telecommunications companies have suffered big pullbacks in recent months as investors became worried about their growth opportunities, high valuations and the impact of the National Broadband Network (NBN).

Vocus shares have fallen 50% in six months while TPG Telecom is down 43%. On a positive note that has pushed up their dividend yields to 4% and 2.3%, respectively. Both dividends are fully franked.

Another reason to consider owning their shares right now is that although their growth may slow and be harder to come by, the current valuations of their shares justifies their outlook, in my opinion.

Foolish Takeaway

Each of these three companies have a 'little hair on them'. Meaning, they are not perfect. However, I think they are some of the best dividend stocks on the ASX. They have well known brands, have established business models and generate good cash flows to pay dividends.

Motley Fool Contributor Owen Raszkiewicz does not have a financial interest in any company mentioned. Owen welcomes -- and encourages -- your feedback on Google+, LinkedIn or you can follow him on Twitter @OwenRask. 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.

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