3 high-yielding dividend shares I would buy this week

With an average dividend yield of around 4%, there certainly is a lot of choice for income investors on the Australian share market.

Three of my favourite high-yielding dividend shares right now are listed below. Here’s why I think that income investors ought to take a look at them this week:

Accent Group Ltd (ASX: AX1)

Last week this footwear retailer’s shares rose to a 52-week high after investors continued to fight to get hold of shares following its strong half-year result last month. Despite this strong share price performance, the shares of the company behind the Athlete’s Foot and HYPE brands still provide investors with a trailing fully franked 5% dividend. I think this makes it a great option for income investors.

Baby Bunting Group Ltd (ASX: BBN)

Another retailer that I think income investors ought to consider is Baby Bunting. This baby products retailer may be having a difficult FY 2018 due to the negative impact of closing competitors’ clearance sales, but once this short-term headwind is out of the way I expect Baby Bunting to gobble up the vacated market share. This could put it in a position for bumper profit and dividend growth in FY 2019. Based on their last close price, Baby Bunting’s shares currently offer income investors a trailing fully franked 5.1% dividend.

Japara Healthcare Ltd (ASX: JHC)

My favourite option in the aged care sector would have to be Japara. I think its strong management team, quality portfolio, and sizeable expansion plans could make it a great buy and hold option for patient investors. At present Japara’s shares provide investors with an annualised partially franked 4.2% dividend. It is worth noting that the company’s shares go ex-dividend for its interim 4 cents per share dividend on Tuesday March 27, so investors might want to act fast on this one.

Fourth pick.

Finally, this fourth dividend share could arguably be the best of the lot. It has been growing its yield strongly over the last few years and doesn't look likely to stop any time soon. Even better is the fact that recent volatility has brought its share price down to an even more attractive level.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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 Scott Phillips.

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