3 dividend shares with huge yields

With interest rates at a record low and unlikely to rise until late next year, I believe savers should consider skipping savings accounts and put their money to work in the share market.

Three high yield dividend shares that I think are worth taking a closer look at today are listed below. Here’s why I like them:

G8 Education Ltd (ASX: GEM)

A new dividend policy means that this leading childcare centre operator intends to pay a 20 cents per share dividend in FY 2018, equating to a fully franked 4.7% yield at today’s share price. I think this is an attractive yield, especially given the company’s bright growth prospects. I feel the recent acquisition of a portfolio of quality childcare and early education centres has put G8 Education in a strong position for growth.

Retail Food Group Limited (ASX: RFG)

Year-to-date this food and beverage company’s shares have lost almost 35% of their value. Whilst its growth may be slowing, I feel this sell-off has been largely overdone and has left its shares trading at a bargain price. Furthermore, it means they now provide a very generous trailing fully franked 6.7% dividend.

Telstra Corporation Ltd (ASX: TLS)

In FY 2018 this telco giant intends to pay its shareholders a 22 cents per share dividend, which works out to be a fully franked 6.3% yield at the current share price. I think this and its rock bottom share price provides investors with a compelling risk/reward and would suggest income investors seriously consider snapping up shares today.

Finally, here are a few more top dividend shares which could be in the buy zone today.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Retail Food Group Limited and 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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