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3 dividend shares for your watch list

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.

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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.

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