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3 quality dividend shares for retirees

Many income investors wish to stay clear of the shares of the banks and Telstra Corporation Ltd (ASX: TLS) right now due to the uncertainty around their future dividends.

Because of this, I thought I would pick out some top dividend shares outside the banking and telco sectors that can be picked up today.

Three which are at the top of my list and could be good options for retirees are listed below. Here’s why I like them:

Dicker Data Ltd (ASX: DDR)

In my opinion, there’s a lot to like about this computer software and hardware wholesale distributor. Dicker Data has a robust business model, an undemanding valuation, a generous and growing dividend, and founders with plenty of skin in the game. This year the company plans to pay an 18 cents per share fully franked dividend in quarterly instalments. This works out to be a 6% yield at today’s price.

National Storage REIT (ASX: NSR)

Another top option for retirees could be this storage giant. Demand for storage facilities has been on the rise thanks partly to baby boomers downsizing and population growth. In order to capture some of this demand, National Storage has embarked on an expansion plan that includes 11 new developments and a number of redevelopments of existing sites. This year management intends to pay a distribution of between 9.6 cents and 10 cents per share, which equates to a 6.2% yield today.

Sydney Airport Holdings Pty Ltd (ASX: SYD)

A third and final option for retirees is this leading airport operator. With tourism into and out of Australia growing at an impressive rate, I believe Sydney Airport is positioned perfectly to profit from tourists flocking through its gates, parking in its car parks, and spending money in its retail facilities. This could put it in a position to continue growing its dividend for the foreseeable future. At present the company’s shares offer investors a trailing 4.8% yield.

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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, Sydney Airport Holdings Limited, and Telstra Limited. The Motley Fool Australia has recommended 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.

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