This morning the shareholders of BHP Billiton Limited (ASX: BHP) will have received a fully franked 53 cents per share final dividend in their accounts.
While some shareholders will use this as source of income to live from, others may wish to reinvest it back into the market.
Here's where I would consider reinvesting it:
Ramsay Health Care Limited (ASX: RHC)
I think that investors looking for a high quality buy and hold investment option ought to consider this private hospital operator. Its shares have fallen over 15% in the last 30 days due to its weaker-than-expected FY 2018 guidance. While the guidance was admittedly not the strongest, I do feel the sell-off has been severely overdone and left its shares trading at a great price.
Telstra Corporation Ltd (ASX: TLS)
This telecommunications giant's shares have been thoroughly punished this year following concerns over NBN margins and its decision to cut its dividend in FY 2018. Whilst this was a big disappointment, I believe all the bad news has been priced into its shares now. This could make it an opportune time to snap up its shares in my opinion. Especially as at the current share price they will provide investors with a fully franked 6.2% dividend in FY 2018.
Galaxy Resources Limited (ASX: GXY)
Finally, investors looking to regain exposure to the resources sector could consider this leading lithium miner. Due to the rising demand for lithium carbonate to be used in the batteries of electric vehicles and renewable energy, I expect Galaxy to be in a position to deliver high levels of free cash flow over the next few years. I think it is quite likely that this will find its way back to shareholders in the form of dividends.