Although I think Westpac Banking Corp (ASX: WBC) is a decent option for income investors due to its generous dividend and recent pull-back in its share price, a lot of investors will already have enough exposure to the banks.
In light of this, here are two other dividend shares which I think are well worth considering today:
Japara Healthcare Ltd (ASX: JHC)
Although FY 2018 is likely to be flat for this aged care operator as it invests heavily in the future, I believe the tailwinds of Australia's ageing population will allow it to grow at an above-average rate over the next decade or two. This could make it a great buy and hold investment option, especially with its generous and growing dividend. At present Japara provides investors with a trailing partially franked 5.2% dividend.
WAM Capital Limited (ASX: WAM)
I think that WAM Capital is one of the best listed investment companies on the local share market and a great option for investors in search of growing dividends. Due to the strong performance and popularity of its funds, WAM has increased its dividend for eight years in a row. I suspect that the record run will continue in FY 2018 judging by the performance of its funds year-to-date. Yesterday WAM advised that so far this financial year its portfolio has returned 8.7% before fees. Its shares currently offer investors a trailing fully franked 6.3% dividend.
