2 quality dividend shares on my shopping list

If you've lost faith in the Telstra Corporation Ltd (ASX:TLS) dividend then check out these two quality dividend shares instead…

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This earnings season certainly wasn't a great one for income investors in my opinion.

The decision by Telstra Corporation Ltd (ASX: TLS) and Harvey Norman Holdings Limited (ASX: HVN) to make cuts to their respective dividends has no doubt left many income investors feeling deflated.

The good news, though, is that I believe there are plenty more quality dividend options out there to snap up today.

Two great options are listed below:

Mantra Group Ltd (ASX: MTR)

Whilst the shares of this leading accommodation provider don't provide the biggest yield on the market, I believe its trailing fully franked 3.7% dividend could grow significantly in the future thanks to the tailwinds of the tourism boom.

As demand for accommodation increases, I expect Mantra will enjoy higher occupancy levels and room rates. I feel this will boost its bottom line greatly, allowing the company to grow its dividend at an above-average rate. Furthermore, the company is likely to be given an additional boost from the recently announced acquisition of the Art Series hotel chain.

Suncorp Group Ltd (ASX: SUN)

Since hitting a 52-week high of $15.24 in July, the shares of this leading insurer have fallen over 14%. A sell-off of the insurance sector following weaker-than-expected results during earnings season has largely been behind Suncorp's decline.

I think this has created an opportunity for investors to snap up shares at a fair price. At present Suncorp's shares provide a trailing fully franked 5.6% dividend. And with its performance continuing to show signs of improvement, I think there's reason to believe that this dividend will continue to increase over the next year or two.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Telstra 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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