5 high-yield dividend shares on my shopping list

The Australian share market may have an average dividend yield of 4%, but that doesn’t mean you have to settle for that.

Listed below you’ll find five quality dividend shares that offer significantly better yields than the market average. Here’s why I think they are worth a look:

BHP Billiton Limited (ASX: BHP)

Although this mining giant’s shares hit a 52-week high today, they still offer a trailing fully franked 4.5% dividend yield. I think this makes it an attractive option for investors looking for exposure to the resources sector, especially given the fact that its recent asset divestments mean there’s a possibility of a special dividend in the near future.

Dicker Data Ltd (ASX: DDR)

This founder-led computer software and hardware wholesale distributor is one of my favourite dividend shares on the ASX. Thanks to its solid performance and growth prospects, this year the Dicker Data board intends to grow its dividend to 18 cents per share. This equates to a yield of 6% based on its current share price.

National Storage REIT (ASX: NSR)

Another top income option in my opinion is National Storage. It is a real estate investment trust focused on self-storage assets. Due to growing demand for self-storage and its acquisition plans, I believe it is well-positioned to continue increasing its distribution over the coming years. At present its shares offer a trailing 5.8% distribution yield.

Rural Funds Group (ASX: RFF)

I think this real estate investment trust is also worth considering. It owns a diverse and quality asset portfolio comprising 44 properties across six different agricultural sectors including cattle, wine, and cotton production. This year management plans to pay a distribution of 10.43 cents per unit, equating to a forward yield of 4.8%.

Westpac Banking Corp (ASX: WBC)

I think that Westpac is a great option for income investors after the recent pullback in its share price. While trading conditions are certainly not easy for the banks, I believe this has been fully priced in now. At present Westpac’s shares offer a generous trailing fully franked 6.8% dividend.

DON'T MISS: 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 owns shares of Westpac Banking. The Motley Fool Australia owns shares of and has recommended Dicker Data Limited and RURALFUNDS STAPLED. The Motley Fool Australia has recommended 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.

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…


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!