As well as popular blue-chip dividend shares such as Telstra Corporation Ltd (ASX: TLS) and Woolworths Limited (ASX: WOW), the Australian share market is home to a number of small-cap shares which provide investors with market-beating yields.
Three that I think are worth considering today are listed below:
Dicker Data Ltd (ASX: DDR)
Thanks to the rise of cloud computing and the demand for related hardware, I think this wholesale distributor of computer hardware and software is in a great position to grow its earnings and dividend at a solid rate for the foreseeable future. In FY 2017 Dicker Data will pay its shareholders a fully franked 16.4 cents per share dividend in quarterly instalments. This equates to a generous annual yield of 6.1% based on the current share price.
Money3 Corporation Limited (ASX: MNY)
In FY 2017 this credit provider posted a 44.5% increase in full-year net profit after tax to $29.1 million thanks largely to impressively strong growth from its secured automotive loans business. I expect more of the same from Money3 in FY 2018, which should allow it to continue growing its dividend. At the current share price its shares provide a trailing fully franked 3.4% dividend.
Think Childcare Ltd (ASX: TNK)
This growing childcare centre operator's shares currently provide a trailing fully franked 4.7% dividend. I expect the company will be in a position to grow this significantly over the next few years thanks to the pipeline of childcare centres it has waiting to be acquired through its incubator program. Furthermore, favourable changes to funding are expected to make childcare more affordable next year. This could help boost occupancy levels and ultimately its profits.
