MENU

3 top dividend shares for your retirement portfolio

With term deposits offering only paltry returns I think the Australian share market is the best place for retirees to invest their hard-earned money.

With an average dividend yield of approximately 3.9%, there certainly are a good number of quality options for income investors to choose from.

Three top dividend shares that I think retirees ought to consider are as follows:

Aventus Retail Property Fund (ASX: AVN)

I think that this retail property group is a great option for investors and less likely to be impacted by a downturn in the retail sector due to its strong retail park property portfolio which includes blue chip tenants such as Domayne, Harvey Norman Holdings Limited (ASX: HVN), and Nick Scali Limited (ASX: NCK). In February Aventus reported a 3.4% increase in half-year funds from operations (FFO) on the corresponding period to $45 million. Based on its guidance for 2% to 3% growth in full-year FFO and its current distribution policy, I estimate that its shares provide a full-year 7.5% yield at this price.

Dicker Data Ltd (ASX: DDR)

I think this software and hardware wholesale distributor is perfect for income investors due to its strong business that continues to deliver solid profit growth and support a generous dividend yield. Furthermore, Dicker Data pays its dividend out in quarterly instalments, making it a great option for investors in search of more regular income. In FY 2018 the company intends to lift its dividend by 10% to 18 cents per share, which equates to a forward fully franked 6% yield.

National Storage REIT (ASX: NSR)

It may not be the most exciting investment but I think this leading self-storage operator could be a great long-term pick. Demand for storage services has been growing and National Storage aims to capture this demand through a development pipeline which includes 11 new developments and several new expansion projects. This year the company plans to pay a distribution of between 9.6 cents and 10 cents per share in FY 2018, which equates to a forward yield of around 6%.

Our number 1 pick to grow your retirement portfolio over the new financial year is revealed for FREE here!

Financial year 2019 is approaching and The Motley Fool’s dividend detective Andrew Page has revealed his must buy dividend share to grow your wealth in 2018 and beyond.

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 Dicker Data Limited. The Motley Fool Australia has recommended AVENTUS RE UNIT and National Storage REIT. 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…

Including:

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!