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.
