3 high-yield dividend shares I would buy this week

The Australian share market is one of the most generous financial markets in the world when it comes to dividends.

With an average dividend yield of approximately 4%, it is vastly superior to the U.S. market which averages just 1.9% at present.

But with so much choice it can be hard to decide which dividend shares to buy.

So to help you on your way I have picked out three top shares that I think investors should consider today. They are as follows:

Accent Group Ltd (ASX: AX1)

This footwear retailer’s shares may be trading within sight of their 52-week high after a strong half-year result in February, but they still provide investors with an above-average dividend yield. Based on its last close price, Accent’s shares offer a trailing fully franked 4.6% dividend. I think this is a great yield and believe it has the potential to grow significantly in the future if the company’s Athlete’s Foot and HYPE brands continue to perform strongly.

National Australia Bank Ltd (ASX: NAB)

Recent market volatility and the Royal Commission have weighed heavily on the banking sector and National Australia Bank’s shares in the last few weeks, leaving them trading close to a 52-week low. It also means that National Australia Bank’s shares provide investors with a trailing 6.9% fully franked dividend. I think this could be an opportune time to snap up shares in the bank, especially considering it recently posted a solid 3% increase in quarterly cash earnings to $1,650 million. I think this has put it in a position to lift its interim dividend when it reports its half-year results in the coming months.

Telstra Corporation Ltd (ASX: TLS)

I think this telco giant’s shares are trading at an extremely attractive price right now for both value and income investors. Telstra intends to pay a 22 cents per share dividend to shareholders in FY 2018 and FY 2019, after which further dividends will be dependent on the success of its investments, NBN margins, and the arrival of 5G. I’m optimistic that Telstra will at least be in a position to maintain its 22 cents per share payout, which equates to a fully franked 7.1% yield presently.

OUR #1 dividend pick for the second-quarter 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 owns shares of and has recommended Telstra Limited. The Motley Fool Australia owns shares of National Australia Bank 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 Scott Phillips.

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!