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.
These 3 stocks could be the next big movers in 2020
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended AVENTUS RE UNIT and 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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