MENU

3 high-yield dividends I would buy today

Overnight the U.S. Federal Reserve’s minutes from its latest FOMC meeting revealed that it intends to push ahead with its rate hike plans.

While this is great news for savers in the United States, it seems very unlikely that the Reserve Bank will follow suit any time soon with its own rates.

Luckily the Australian share market has come to the rescue with a plethora of dividend shares that offer yields which smash term deposits and savings accounts.

Three that I think are worth considering right now are listed below:

Super Retail Group Ltd (ASX: SUL)

Super Retail is the retail group behind brands such as Super Cheap Auto, Macpac, and Rebel. In FY 2018 it delivered a 26% increase in net profit after tax to $128.3 million due to positive performances across the majority of its portfolio. This allowed the Super Retail board to lift its dividend to 49 cents per share, which equates to a trailing fully franked 5.3% yield. Pleasingly, the company has had a solid start to FY 2019 and could be in a position to increase its dividend further this year.

WAM Capital Limited (ASX: WAM)

I think this listed investment company could be a good option for income investors due to its growing dividend and generous yield. In FY 2018 WAM Capital grew its dividend for the ninth year in a row when it increased it to 15.5 cents per share. This works out to be a trailing fully franked 6.3% yield based on its last close price. And judging by the performance of its funds so far this year, I believe it is well-positioned to make it a decade of dividend increases in FY 2019.

Westpac Banking Corp (ASX: WBC)

Earlier this week the Westpac share price fell to a five-year low. Concerns over the negative impact of the Royal Commission and a struggling housing market have weighed heavily on its shares. Given the low multiples that its shares now trade on, I feel reasonably confident that its shares have bottomed. This could make it an opportune time to pick up shares, especially with its next dividend due to be announced in the coming weeks. Westpac’s shares currently offer a trailing fully franked 7.1% yield.

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 Super Retail Group 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.

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!