Where I would reinvest my Commonwealth Bank of Australia dividends

This morning Commonwealth Bank of Australia (ASX: CBA) shares went ex-dividend for the banking giant’s interim $2.00 per share fully franked dividend.

Eligible shareholders can now look forward to receiving this dividend in their nominated account on March 28.

While some investors are likely to use it as income, others may wish to reinvest it back into the share market.

Here are three shares which I would consider reinvesting these funds into:

Aristocrat Leisure Limited (ASX: ALL)

If you want to reinvest these funds into growth shares then you could do a lot worse than this leading gaming technology company. Thanks to the continued success of its existing portfolio of social and mobile games, together with a series of big acquisitions, I think Aristocrat has the potential to grow its earnings at an above-average rate for the foreseeable future.

BHP Billiton Limited (ASX: BHP)

If you’d like to diversify your portfolio through a little bit of exposure to the resources sector then BHP Billiton would be my first pick. I believe the strength of the global economy will lead to sustained solid demand for commodities, keeping prices at favourable levels. I feel this should ultimately lead to a strong performance from the mining giant in FY 2018 and the potential for a large increase in its dividend.

Dicker Data Ltd (ASX: DDR)

Investors that are looking for even more dividends might want to consider an investment in this leading wholesale distributor of computer hardware and software. Yesterday Dicker Data revealed that it has beaten its guidance ever so slightly in FY 2017 with a 10.2% lift in revenue and a 9.9% increase in pre-tax profits. It also declared a final dividend of 4.8 cents per share, bringing its full-year dividend to 16.8 cents per share. This equates to an annual fully franked 5.6% yield.

Looking for even more ideas? Then don't miss out on these quality blue chip shares.

Top 3 ASX Blue Chips To Buy In 2018

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool’s in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool’s Top 3 Blue Chip Stocks for 2018."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies moves – we may be forced to remove this report.

Click here to claim your free report.

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.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…


The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!