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3 top dividend shares I want in my portfolio

The All Ordinaries (Index: ^AXAO) (ASX: XAO) currently has an average dividend yield of approximately 4%. While this is a generous yield in today’s low interest rate environment, income investors needn’t settle for it.

Listed below are three dividend shares with even greater yields that I think are in the buy zone today. They are as follows:

Accent Group Ltd (ASX: AX1)

Due to the popularity and growth potential of its Platypus, HYPEDC, and The Athlete’s Foot brands, I think Accent Group could be a great option for income investors. In FY 2018 the retailer posted a 17.9% increase in underlying net profit after tax to $47.1 million. Pleasingly, it started FY 2019 strongly and reported like for like sales growth of 4.6% for the first seven weeks of the year. If it can continue this strong form for the rest of the year then I expect there will be further solid earnings and dividend growth in FY 2019. At present its shares offer a generous trailing fully franked 4.9% dividend.

Dicker Data Ltd (ASX: DDR)

Dicker Data is a leading computer software and hardware wholesale distributor with operations in Australia and New Zealand. I think it would be a great option for income investors due to its strong business model, growing vendor portfolio, and generous yield. This year the Dicker Data board intends to pay an 18 cents per share dividend, which equates to a 6.1% yield based on its last close price. I think this yield is hard to say no to when rates are so low.

Super Retail Group Ltd (ASX: SUL)

Super Retail is another retail share that I think is worth considering. It had a solid FY 2018 and posted a 26% increase in net profit after tax to $128.3 million. This was driven partly by positive performances from its Super Cheap Auto, Macpac, and Rebel brands, and its online businesses. It has also had a strong start to the new financial year and reported solid like for like sales growth across all its key brands for the first six weeks of FY 2019. Its shares offer a trailing fully franked 5.2% dividend currently. It is worth noting, however, that its AGM is later this week, so it may be prudent to wait for its trading update before picking up shares.

In the meantime, don't miss this fourth dividend share that has been tipped for big things.

The best dividend stock on the ASX.

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!

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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. The Motley Fool Australia owns shares of Super Retail Group Limited. The Motley Fool Australia has recommended Accent Group. 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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