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3 top dividend shares I would buy this week

One positive from the recent market meltdown is that it has just made the yields on some top dividend shares even more generous.

Three that I believe are very attractive right now are listed below. Here’s why I like them:

Kogan.com Ltd (ASX: KGN)

I never thought I would have the opportunity to recommend Kogan.com as a dividend share, but a significant drop over the last few months means this is now possible. Based on its last close price, Kogan.com’s shares offer a fully franked trailing 2.8% dividend. While this isn’t the biggest yield you can find right now, if the company can continue its explosive growth then this dividend could easily double within the next couple of years.

Super Retail Group Ltd (ASX: SUL)

Since announcing the retirement of its chief executive officer at its annual general meeting earlier this week, Super Retail’s shares have been absolutely smashed. While the loss of the long-serving executive will be a blow, I think the selloff has been overdone. Super Retail’s shares are now priced at 10x earnings and offer a trailing fully franked 6.5% dividend. This is despite the company reporting solid like for likes sales growth across its business so far in FY 2019.

Westpac Banking Corp (ASX: WBC)

The Australian banking sector has been one of the worst performing areas of the market over the last 12 months due largely to the weakening housing market and the negative impacts of the Royal Commission. While these issues aren’t going away any time soon, I feel that the bad news is more than priced in now. This could make it an opportune time to pick up the shares of Westpac if you’re willing to be patient. Especially given that its shares are trading on significantly lower than average multiples and offer a trailing fully franked 7.3% dividend.

But if you're not keen on bank shares then I would suggest you check out Super Retail, Kogan, or this quality dividend share.

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Motley Fool contributor James Mickleboro owns shares of Westpac Banking. The Motley Fool Australia owns shares of Super Retail Group Limited. The Motley Fool Australia has recommended Kogan.com ltd. 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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