These 3 dividend shares have huge yields

Although the Australian share market is one of the most generous in the world with its average dividend yield of 3.8%, this yield pales in comparison to some on offer in the market.

Here are three dividend shares with huge yields:

National Australia Bank Ltd. (ASX: NAB)

This big four bank has one of the biggest yields on offer in the banking sector at the moment. Its shares provide investors with a trailing fully franked 6.7% dividend. I think this could make it worth a closer look if you don’t already have exposure to the banks.

Regis Healthcare Ltd (ASX: REG)

Due to Australia’s ageing population I think this aged care provider could be a good option for a buy and hold investment. Although its earnings are forecast to be flat this year, I still expect it to provide a market-beating dividend. At the current share price Regis’ shares provide a trailing fully franked 5.8% dividend.

WAM Capital Limited (ASX: WAM)

This listed investment company has increased its dividend each year for the last eight years. Thanks to the strong performance of its funds this year I believe WAM will make it nine years in a row next year. This means its trailing fully franked 6.2% dividend could grow even further

Finally, this fourth dividend share has a yield that looks likely to become even more attractive 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 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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