Here are 3 dividend shares at the top of my shopping list

With interest rates at record lows and showing little sign of improving in the near future, I think Australian investors are very fortunate to have a great deal of quality dividend shares with big yields to choose from.

Three which I think are worth taking a closer look at today are listed below. Here’s why I like the look of them:

AP Eagers Ltd (ASX: APE)

It hasn’t been an easy time to be a shareholder of AP Eagers during the last 12 months. Automotive retailers appear to have fallen out of favour with investors, leading to its shares falling around 25%. This is especially surprising considering the company recently posted a record full-year net profit after tax of $105.5 million, up 21% on the prior corresponding period. This has left its shares changing hands at under 15x trailing earnings and providing a trailing fully franked 4.4% dividend. I think this could make it a great option for investors.

Sigma Healthcare Ltd (ASX: SIG)

Sigma Healthcare, formerly Sigma Pharmaceuticals, is the company behind leading pharmacy retail brands such as Amcal and Chemist King. Thanks to an impressive 8.2% jump in like-for-like sales at Sigma branded pharmacies, the company recently reported a 13% increase in full-year net profit. I’m quite bullish on the company’s future and believe it has positioned itself for solid long-term earnings growth. Especially with the successful launch of its online Amcal store in China. So with its shares providing a trailing fully franked 4.3% dividend, I feel Sigma could prove to be a good investment.

Suncorp Group Ltd (ASX: SUN)

Even though the shares of this leading insurer just stormed to a new 52-week high, they still provide investors with a market-beating trailing fully franked 4.9% dividend. Thanks to the company’s One Suncorp strategy, I believe the insurer is positioning itself to become far more profitable than it has been in recent years. I expect this should allow it to grow its dividend at a decent rate over the next few years. It may no longer be a bargain buy, but it is still worth taking a closer look at in my opinion.

Finally, I think this fourth dividend share and its HUGE yield is definitely worth taking a closer look at if you don't already own it.

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Even better, this 'under the radar' consumer play is growing like gangbusters. Shares have rocketed 100% in the last 5 years, DOUBLING shareholders' investment. So what's not to like?

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Motley Fool contributor James Mickleboro 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.

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