Forget the Australia and New Zealand Banking Group dividend and buy these

Although the Australia and New Zealand Banking Group (ASX: ANZ) dividend is one of the more generous on the market at the moment, I’m not convinced it will grow meaningfully over the next few years due to the bank levy.

In light of this, I think there are better investment options out there for income investors to consider. Two worth a look today are as follows:

Accent Group Ltd (ASX: AX1)

Due to a recent pull-back in the share price of this footwear retailer its shares provide investors with a massive trailing fully franked 7.6% dividend. I think this yield and the undemanding multiples its shares trade at make it well worth considering today. Especially given its positive growth outlook and the strength of its licensed brands. These licensed brands should offer some protection from any potential disruption by Amazon in the future.

Dicker Data Ltd (ASX: DDR)

This founder-led market-leading wholesale distributor of computer hardware and software would have to be one of the best dividend shares on the local market in my opinion. Despite the fact its shares are up 31% year-to-date, they still provide investors with a trailing fully franked 5.6% dividend. Over the last five years the company has increased its dividend by an average of 39% per annum. While this growth is likely to slow now, I still believe Dicker Data is in a position to increase its payout strongly in FY 2018 and FY 2019 thanks to the growing demand for its products from cloud computing markets.

This third dividend share.

Finally, this third dividend share could be the best of the bunch and one to buy in 2018.

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