Why top dividend share Dicker Data Ltd (ASX:DDR) looks primed for growth

Computer hardware wholesaler Dicker Data Ltd (ASX: DDR) is focused on adding vendors to continue to grab market share and underpin growth.

In an investor presentation to the market today, Dicker revealed its focus on evolving to keep pace with industry transformation to differentiate from competitors and offer a unique value proposition to vendors and partners.

Dicker Data shares stormed higher last month after posting a half-year revenue increase of 13.5% to $717.6 million and operating profit before tax of $21.75 million – an uptick of 11.9%.

Dicker Data is becoming known as a top dividend share, with a plan to increase its FY18 dividend to 18c per share – representing a fully-franked yield of around 5.8%.

A fellow dividend all-star is National Australia Bank Ltd (ASX: NAB) with a fully-franked dividend yield of more than 7% with Westpac Banking Corp (ASX: WBC) following closely behind with a fully-franked dividend yield of around 6.8%.

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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!

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Motley Fool contributor Carin Pickworth owns shares of National Australia Bank Limited. The Motley Fool Australia owns shares of and has recommended Dicker Data 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.

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