The Australian share market may have an average dividend yield of approximately 4%, but that doesn't mean you have to settle for that.
Listed below you'll find three quality dividend shares that offer significantly better yields than the market average. Here's why I think they are worth a look:
Aventus Retail Property Fund (ASX: AVN)
This morning this specialist fund and asset manager of large format retail centres declared its latest quarterly distribution. Aventus declared a 4.09 cents per unit distribution, payable on November 23. This latest distribution means the company's units now offer an unfranked trailing 7.3% yield. I expect this yield could widen further over the next 12 months if the company can build on FY 2018's solid result. Aventus saw its funds from operations rise 2.3% to $89 million last year thanks largely to its high occupancy levels.
BHP Billiton Limited (ASX: BHP)
At present this mining giant's shares currently offer a trailing fully franked 4.7% dividend. Whilst this admittedly isn't the biggest yield you'll find on the Australian share market, I believe the company is well-positioned to grow it strongly this year and potentially even declare a special dividend following its recent asset sales. This could make it well worth considering, especially if your portfolio doesn't already have exposure to the resources sector.
National Storage REIT (ASX: NSR)
This real estate investment trust which is focused on self-storage assets could be a great option for income investors. Following a strong FY 2018 which saw the company post a 12.5% increase in underlying earnings to $51.4 million, the National Storage board was able to increase its distribution to 9.6 cents per unit. This equates to a trailing 5.7% distribution yield based on its current share price. If management can continue delivering solid same centre revenue growth and maintain its high occupancy levels in FY 2019, then I expect further distribution increases.
