3 reliable dividend shares to boost your income

With interest rates low for so long, investors need income from somewhere. Bank interest will earn you a pittance and the return is wasted away thanks to tax and inflation.

The best place for income, despite the volatility, is the sharemarket. While share prices move around every day, dividends are much more stable and reliable.

With this in mind, here are 3 dividend payers I like at current prices…

Brickworks Limited (ASX: BKW)

Construction may slow over the next couple of years, but Brickworks is much more than building materials. The company owns over 42% of Washington H. Soul Pattinson & Co. Ltd  (ASX: SOL) and also has a large stake in an industrial property trust.

Both of these investments underpin the value of Brickworks, adds diversification and also boosts earnings when the construction cycle turns.

Brickworks is a solid dividend payer, having only cut dividends once in over 50 years. The current dividend yield is 3.3% fully franked, or 4.7% grossed up. The dividend just increased by 6% and with a payout ratio of only 39%, there’s plenty of scope for further increases.

Transurban Group (ASX: TCL)

The share price of Transurban has fallen since the start of the year, while the underlying business continues to perform well.

The company has just raised cash for the WestConnex project in Sydney and their toll takings from existing roads continue to grow. With further works planned for existing roads, mandated toll increases and strong urban population growth, Transurban’s future cash flow looks strong.

Shares currently trade on a forecast distribution yield of 5.2%.

Centuria Metropolitan REIT (ASX: CMA)

CMA is Australia’s largest ASX-listed metropolitan office REIT. This real estate investment trust owns 19 high-quality metropolitan assets worth around $900 million. It’s diversified across the major capital cities and plans to acquire more buildings over the next couple of years.

The portfolio’s occupancy rate is strong at 97.8% and rental increases are locked in at an average of 3.6% per annum. The fixed rent increases underpin future cash flow and means shareholders can expect a growing income over time. Shares trade on a distribution yield of 7%.

Foolish takeaway

I think each business is attractive at current prices and should continue providing a solid income stream to shareholders. To find more quality companies with reliable dividends, check out the free report below.

Top 3 ASX Blue Chips To Buy In 2018

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool’s in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool’s Top 3 Blue Chip Stocks for 2018."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies moves – we may be forced to remove this report.

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Motley Fool contributor Dave Gow owns shares of Centuria Metropolitan REIT, Transurban Group, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns shares of and has recommended Transurban Group and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended Brickworks. 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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