MENU

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.

OUR #1 dividend pick to grow your wealth over the new financial year is revealed for FREE here!

Financial year 2018 is here and The Motley Fool’s dividend detective Andrew Page has revealed his must buy dividend share to grow your wealth in 2018.

You might not know this market leader's name, but it's rapidly expanding into a highly profitable niche market here in Australia. Even better, the shares boast a strong, fully franked dividend that should balloon in the years to come. In other words, we're looking at the holy grail of incredible long-term growth potential AND income you can watch accruing in your account in real time!

Simply click here to grab your FREE copy of this up-to-the-minute research report on our #1 dividend share recommendation now.

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.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.