With an average dividend yield of 4.2%, the Australian share market certainly provides investors with a good number of options to beat those pesky low interest rates.
Three dividend shares which I think are worth considering today are listed below. Here's why I like them:
Dicker Data Ltd (ASX: DDR)
In FY 2017 this wholesale computer hardware company plans to pay shareholders a fully franked 16.4 cents per share dividend in quarterly instalments. Based on its current share price, this works out to being a very generous annual yield of 6.4%. The good news is that thanks to new and lucrative revenue streams developing as a result of the seismic shift to the cloud, I think Dicker Data will be in a position to continue to grow its dividend in FY 2018.
Mantra Group Ltd (ASX: MTR)
At present this leading accommodation provider's shares provide investors with a trailing fully franked 3.5% dividend. This may not be the most generous yield available to investors, but I believe it can grow significantly in the future due to the tailwinds of the tourism boom. As demand for rooms increases I expect Mantra will enjoy higher occupancy levels and room rates, ultimately boosting its bottom line growth.
WAM Capital Limited (ASX: WAM)
WAM Capital is one of the best listed investment companies on the local market in my opinion. Thanks to the strong performance of its funds, it has increased its dividend for seven years in a row. This means its shares now provide investors with a fully franked trailing 5.9% dividend. Due to the outperformance of its funds this year, I think it is highly likely that WAM will make it eight years of dividend increases in a row in FY 2018.
