These are my 3 favourite ASX dividend shares

As one of the most generous share markets in the world, there certainly is a lot of choice on the ASX when it comes to dividend shares.

Three of my favourites are listed below. Here’s why I think they are amongst the best options on the market at this point in time:

Dicker Data Ltd (ASX: DDR)

This wholesale distributor of computer hardware and software has been one of my favourite dividend shares on the local market for some time now. The founder-led company has a strong track record of dividend increases and plans to pay out a fully franked 16.4 cents in quarterly instalments to shareholders in the current financial year. This works out to being a generous annual yield of 5.4%. Pleasingly, I believe demand from the cloud computing market will lead to solid earnings growth, allowing further increases over the next 12 months.

Super Retail Group Ltd (ASX: SUL)

Amazon may have arrived but Super Retail is ready for it. Due to the hard work management undertook to prepare for Amazon’s launch, I am confident the retailer behind brands such as Super Cheap Auto and Rebel Sport is positioned to continue its growth in FY 2018 and beyond. Which could arguably make it a great option for income investors. Especially considering that at the current share price the retailer’s shares provide a solid trailing fully franked 5.5% dividend.

Telstra Corporation Ltd (ASX: TLS)

Last year the telco giant did the unthinkable and cut its dividend down to 22 cents per share. While this was a big disappointment and understandably has led to a sell-off of its shares, I believe its shares have bottomed out now. I think that this could make it an opportune time to snap up shares and its proposed fully franked 5.9% dividend.

Here's a fourth dividend share which I believe is amongst the best on the market.

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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 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.

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