3 high-yield dividend shares I would buy today

With an average dividend yield of 3.8%, the Australian share market is one of the most generous markets in the world.

I believe this is great news for income investors, especially considering the state of interest rates at the moment.

Three shares with above-average dividend yields that I would buy today are listed below:

Dicker Data Ltd (ASX: DDR)

In FY 2017 this wholesale distributor of computer hardware and software intends to pay its shareholders a fully franked 16.4 cents per share dividend in quarterly instalments. This equates to a generous annual yield of 5.6% based on the current share price.

Super Retail Group Ltd (ASX: SUL)

Due to the work it has undertaken to prepare for Amazon’s launch, I think the retailer behind brands such as Super Cheap Auto and Rebel Sport is a great option for investors right now. At the current share price the retailer’s shares provide a trailing fully franked 5.6% dividend.

Telstra Corporation Ltd (ASX: TLS)

This telco giant may have disappointed shareholders with a sizeable cut to its dividend, but the sharp fall in its share price still makes it one of the more generous on the market. In FY 2018 Telstra intends to pay a fully franked 22 cents per share dividend, which equates to a 6% yield.

This fourth dividend share.

As well as Dicker Data, Super Retail, and Telstra, this fourth high-yield dividend share could be a must buy in 2018.

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 and has recommended Dicker Data Limited and Telstra Limited. The Motley Fool Australia owns shares of Super Retail Group 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.