Earlier this week the Reserve Bank of Australia held interest rates at the record low of 1.5% for yet another month.
While it is likely that interest rates will not go lower from here, it seems highly unlikely that rates will go higher any time soon.
This could potentially mean another year of low interest rates for savers to contend with.
In light of this, I would suggest investors skip savings accounts and consider the many quality dividend shares on the Australian share market.
Here are three which I think are worth taking a look at today:
Dicker Data Ltd (ASX: DDR)
Earlier this year Dicker Data advised shareholders that it plans to pay a fully franked 16.4 cents per share dividend in FY 2017. This dividend, which is paid in quarterly instalments, equates to a generous yield of 6.5% at the current share price. I believe this makes the wholesale computer hardware company a great option for income investors.
Mantra Group Ltd (ASX: MTR)
This leading accommodation provider's shares currently provide investors with a trailing fully franked 3.7% dividend. Whilst this isn't the biggest yield on the market, I believe Mantra has the potential to grow it significantly in the future thanks to the tailwinds of the tourism boom and its acquisition of the Art Series hotel chain.
Telstra Corporation Ltd (ASX: TLS)
As I mentioned yesterday, a research note out of Credit Suisse revealed that its analysts think now is the time to buy this high-yield dividend share. According to the note, Credit Suisse believes that all the negative news is now priced into the telco's shares. Furthermore, the investment bank remains confident that Telstra can maintain a dividend of at least 22 cents per share for the next four years. At the current share price this equates to a fully franked 5.9% yield.
