MENU

My top dividend picks for October

On Tuesday the Reserve Bank of Australia will almost certainly keep rates on hold for yet another month when it meets to discuss the cash rate.

Unfortunately for savers, I expect this will be the case for the rest of the year and all of 2019.

But the good news is that the Australian share market has plenty of quality options that offer dividend yields that are vastly superior to the interest rates on offer with savings accounts and term deposits.

Three that I would consider in October are as follows:

Adairs Ltd (ASX: ADH)

I think this home furnishings retailer could be a great dividend share to consider buying in October. A strong full year result in FY 2018 allowed its board to declare a total dividend of 13.5 cents per share, up 68% year on year. This equates to a trailing fully franked 5.9% yield at the last close price. Thanks to the success of its homemaker store strategy and its fast-growing online business, I expect this dividend to continue growing strongly over the next few years.

Dicker Data Ltd (ASX: DDR)

Dicker Data is a founder-led computer software and hardware wholesale distributor and one of my favourite dividend shares on the ASX. Due to its strong business model and growth opportunities, I believe it is in a great position to continue growing its profits and dividend over the coming years. This year the Dicker Data board intends to declare a total dividend of 18 cents per share, equating to a yield of 6%.

Rural Funds Group (ASX: RFF)

Rural Funds is a real estate investment trust with a diverse and quality portfolio comprising 44 properties across six different agricultural sectors including cattle, wine, and cotton production. The properties have a weighted average lease expiry of 12.3 years, which provides stability of income and long term rental growth via a mix of indexation mechanisms. I believe this will result in growing earnings and distributions over the next few years at least. This year management plans to pay a distribution of 10.43 cents per unit, equating to a forward yield of 4.7%.

And don't miss this top dividend pick for FY 2019. It could be a great option for income investors right now.

OUR #1 dividend pick to grow your wealth now is revealed for FREE here!

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!

Simply click here to grab your FREE copy of this up-to-the-minute research report on our #1 dividend share recommendation now.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Dicker Data Limited and RURALFUNDS STAPLED. 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.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!