3 dividend shares for your watch list

With interest rates going nowhere it's time to look at some more dividend shares…

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The ASX is full of dividend opportunities.

Here's three companies that are paying healthy dividends for your watch list.

Harvey Norman Holdings Limited (ASX: HVN)

Harvey Norman Holdings Limited paid a fully franked dividend of 26 cents per share for financial year (FY) 2017.

On a share price of $4.19 Harvey Norman's dividend offers investors a trailing yield of about 6.2 per cent.

But Harvey Norman's dividend has come down from the 30 cents the retailer paid investors in FY 2016, its share price has shed more than 10 per cent in the past year and rising competition in the form of Amazon all count as factors against Harvey Norman.

Still, the company boosted profit by almost 30 per cent in FY 2017 when compared to FY 2016 and revenue was up by more than 5 per cent.

As such, with its healthy dividend Harvey Norman should not be too quickly dismissed.

 National Australia Bank Ltd. (ASX: NAB)

NAB has maintained its dividend of $1.98 for the last couple of years and has indicated that it will continue to do so for FY 2018.

Based on the current share price of $29.97, investors can expect a fully franked yield of about 6.6 per cent.

NAB made a lot of headlines for the wrong reasons this year and its share price has gained less than 1 per cent over that period of time.

But NAB may represent more than a dividend opportunity if the bank's share price heads back up to where it was trading at earlier this year.

 Spark New Zealand Ltd (ASX: SPK)

Spark New Zealand paid shareholders a dividend of 25 New Zealand cents per share for FY 2017.

At a current share price of $3.35, and based on a current conversion rate of Australian and New Zealand currency, that offers a yield of about 6.8 per cent.

Spark has stated that it expects to maintain its current dividend payout and as such it deserves a closer look.

If you're still interested in finding out more about dividend shares, take a look at this…

Motley Fool contributor Steve Holland has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of National Australia Bank 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.

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »

⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

News Corporation (ASX: NWS) might be facing some existential threats from its American cousins over the riots on 6 January

Read more »