The Motley Fool

3 quality dividend shares with massive yields

Although the market selloff has been hugely disappointing, one positive is that it means the yields on offer from some popular dividend shares have just got much wider.

Three dividend shares that I think just became a little more attractive are listed below. Here’s why I like them:

Dicker Data Ltd (ASX: DDR)

This year the Dicker Data board intends to pay an 18 cents per share dividend in quarterly instalments. Following the market volatility this week and a reasonable decline in its share price, this works out to be a fully franked forward 6.3% yield. I’m not the only one that thinks this makes the shares of the leading computer software and hardware wholesale distributor attractive. Chief operating officer Vladimir Mitnovetski has seized on the share price weakness this week and has been buying shares on-market.

WAM Capital Limited (ASX: WAM)

I think Wilson Asset Management’s WAM Capital could be a great option for income investors. After nine consecutive years of dividend increases, the listed investment company’s shares currently offer a trailing fully franked 6.25% dividend. Barring an almighty market crash, I believe in FY 2019 the company will make it a decade of dividend increases judging by the performance of its funds year to date. This could make it well worth considering today.

Westpac Banking Corp (ASX: WBC)

This banking giant’s shares were dragged to a multi-year low of $26.29 on Thursday during the selloff. This means they now offer income investors a massive trailing fully franked 7.15% dividend. I think it is hard to say no to this yield, especially when its shares are trading on some of their lowest multiples in recent years. At this level I feel they have more than priced in the bad news from the Royal Commission and the weakening housing market.

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. 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.

5 ASX Stocks for Building Wealth After 50

I just read that Warren Buffett, the world’s best investor, made over 99% of his massive fortune after his 50th birthday.

It just goes to show you… it’s never too late to start securing your financial future.

And Motley Fool Chief Investment Advisor Scott Phillips just released a brand-new report that reveals five of our favourite ASX stocks for building wealth after 50.

– Each company boasts strong growth prospects over the next 3 to 5 years…

– Most importantly each pays a generous dividend, fully franked.

Simply click here to find out how you can claim your FREE copy of “5 ASX Stocks for Building Wealth After 50.”

See the stocks now