MENU

3 high yield dividend shares for income investors

Luckily for income investors in this low interest environment, the Australian share market is one of the most generous in the world with an average dividend yield of approximately 4%.

Three shares that provide higher-than-average yields are listed below. Here’s why I think investors ought to consider snapping them up today:

Accent Group Ltd (ASX: AX1)

After a pullback in its share price over the last couple of weeks, this footwear retailer’s shares offer investors a trailing fully franked 4.3% dividend at present. I think this above-average yield could widen meaningfully in the future thanks to its expansion plans and the strength of its exclusive and popular licensed brands which only it can sell in the local market. This could make it one of the best dividend options in the retail sector.

National Storage REIT (ASX: NSR)

I think that this storage giant could be one of the top dividend options on the local market right now. Not only do its shares provide an above-average distribution yield of 5.6%, I think there’s a good chance that this distribution will grow at a decent rate over the coming years thanks to its growth plans. These include the acquisition of eight quality self-storage assets in Australia and New Zealand and the redevelopment of existing sites.

WAM Capital Limited (ASX: WAM)

WAM Capital is my favourite listed investment company and provides investors with exposure to an actively managed diversified portfolio of undervalued growth companies listed on the ASX. I have been very impressed at the performance of its funds in the past and in the current year. If the company can continue its strong run next year, then I believe WAM Capital will be in a position to make it ten years of dividend increases in a row. WAM Capital’s shares currently offer income investors a trailing fully franked 6.3% dividend.

DON'T MISS: Our #1 dividend pick for FY 2019 is revealed for FREE here!

Financial year 2019 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 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.

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.