Beat low interest rates with these high-yielding dividend shares

Yesterday’s lower than expected inflation reading appears to have ended any hopes that the Reserve Bank of Australia will raise rates in the near future.

But don’t worry because the Australian share market is home to several shares with extremely generous dividend yields.

Three which I think could be in the buy zone right now are listed below:

Aventus Retail Property Fund (ASX: AVN)

This retail property group’s shares currently offer investors a trailing 7.2% distribution yield. I’m a big fan of Aventus because of its focus on retail parks which are home to big-box stores. It owns 20 retail parks across Australia and has the likes of Bunnings and Officeworks on its blue chip list of tenants. I feel confident that the quality of its tenants and the popularity of retail parks gives it a positive outlook over the next couple of years at least. All being well, this should put it in a position to grow or at least maintain its current distribution.

National Australia Bank Ltd (ASX: NAB)

This banking giant’s shares are amongst the most generous in the sector and provide a trailing fully franked 7% dividend at present. While there are slight concerns that a small cut may be needed in FY 2019, I believe this potential eventuality has already been reflected in its share price. So with its shares trading at a reasonable 13x earnings and 1.5x book value, I think it would be a great option for investors that have limited exposure to the banks already.

WAM Capital Limited (ASX: WAM)

This listed investment company’s shares offer investors a trailing fully franked 6.3% dividend at present. WAM Capital is an investment company focused on providing investors with exposure to an actively managed diversified portfolio of undervalued growth companies listed on the ASX. It aims to deliver investors a stream of fully franked dividends, provide capital growth, and preserve capital. The good news is that it has been very successful in this objective and is on course to reward shareholders with a ninth dividend increase in as many years.

Breaking news: ASX companies set to raise dividends!

It's been a nail-biter of a reporting season here in the first half of 2018.

But the real action, in my opinion, is what companies are doing with dividends.

What does this mean for you? Well there is one stock I've found that could very well turn out to be THE best buy of 2018. And while there's no such thing as a 'sure thing' when it comes to investing - this ripper might come as close as I've ever seen.

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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 National Australia Bank Limited. The Motley Fool Australia has recommended AVENTUS RE UNIT. 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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