3 top dividend shares I would buy today

As expected the Reserve Bank held the cash rate at its record low of 1.5% this week.

While this is great news for borrowers, it isn’t for savers. And unfortunately most economists don’t believe there will be a rate rise for at least a year, which means the paltry interest rates on offer from savings accounts are here to stay.

But don’t worry because the Australian share market has a number of high yield dividend shares to save the day.

Three which I think are worth considering today are as follows:

Accent Group Ltd (ASX: AX1)

The shares of Accent Group, formerly known as RCG Corporation, are priced at just a little over 12x trailing earnings and provide investors with a generous trailing fully franked 6.5% dividend. I think this is a perfect mix of value and income and would suggest investors consider snapping up shares today. Although Amazon is being touted as a threat, it is worth remembering that a good portion of its revenue is generated from its licensed brands.

Dicker Data Ltd (ASX: DDR)

This founder led wholesale distributor of computer hardware and software would have to be one of my favourite dividend shares on the local market. Thanks to its industry leading position and the rise of cloud computing, I believe Dicker Data will be able to continue growing its bottom line and dividend at a solid rate for some time to come. Its shares currently provide a trailing fully franked 5.5% dividend.

Telstra Corporation Ltd (ASX: TLS)

Another top share which I think provides both value and income is Telstra. Its shares currently change hands at under 11x trailing earnings and management plans to pay a fully franked 22 cents per share dividend in FY 2018. This equates to a fully franked 6% yield at today’s share price, making it one of the more generous blue-chip dividend shares on the market.

A fourth dividend share.

This fourth dividend share is the number one dividend pick for 2018 and not to be missed.

OUR #1 dividend pick to grow your wealth over the new financial year is revealed for FREE here!

Financial year 2018 is here and The Motley Fool’s dividend detective Andrew Page has revealed his must buy dividend share to grow your wealth in 2018.

You might not know this market leader, but it’s making waves in Asia and already boasts a term-deposit-crushing dividend above 4%. A debt free balance sheet and dominant market position at home and abroad mean this company offers investors income and some real-deal growth potential...

Simply click here to grab your FREE copy of this up-to-the-minute research report on this rising star right now.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Dicker Data 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.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.