With an average dividend yield of 3.8%, the Australian share market is one of the world's most generous markets.
Among the many dividend shares to choose from on the market, three top shares with above-average yields stand out. Here's why I would consider snapping them up today:
Dicker Data Ltd (ASX: DDR)
Despite its shares going on a stellar run over the last 12 months, this wholesale computer hardware distributor will still provide investors with a fully franked 6% dividend in FY 2017. Thanks to the rise of cloud computing and the demand for related hardware, I expect Dicker Data to continue growing earnings strongly for the foreseeable future, allowing it to increase its dividend further.
Event Hospitality and Entertainment Ltd (ASX: EVT)
With the inbound tourism boom in full swing and showing no signs of slowing, I believe Event's numerous entertainment and accommodation brands could benefit greatly. While its performance in FY 2017 was a touch underwhelming, I expect a much-improved performance in FY 2018. This could put it in a position to increase its dividend once again after holding it steady this year. At present its shares provide a trailing fully franked 4% dividend.
Super Retail Group Ltd (ASX: SUL)
Although Amazon is rumoured to be launching as soon as next week, I wouldn't let that put you off Super Retail. While it is by no means Amazon-proof, management has worked hard to prepare for an Amazon launch and I believe it has a great chance of competing successfully. Super Retail's shares trade at just 11x trailing earnings and provide a trailing fully franked 6% dividend at the current share price.
