MENU

Why I would buy these growing dividend shares in November

This week both Australia and New Zealand Banking Group (ASX: ANZ) and National Australia Bank Ltd (ASX: NAB) released their full year results and announced final dividends that were in line with the prior corresponding period.

I suspect that this may be the case again in FY 2019 due to the difficult trading conditions that the banks are facing.

So if you’re on the lookout for dividends with strong growth potential, then the three shares below could be the ones to consider. Here’s why:

Collins Foods Ltd (ASX: CKF)

Although this operator of KFC and Taco Bell restaurants doesn’t offer the most generous yield on the local market, I believe the international expansion of its KFC network and the roll out of Taco Bell in Australia could lead to above-average earnings and dividend growth over the next decade. Collins Foods shares currently offer a trailing fully franked 2.6% yield.

Rural Funds Group (ASX: RFF)

Rural Funds is a real estate investment trust which owns a total of 44 properties across six different sectors including wine, cattle, and almond production. These properties have a weighted average lease expiry of 12.3 years, which provides income stability and long-term rental growth through indexation mechanisms. In FY 2019 the Rural Funds board intends to lift its distribution to 10.43 cents per unit, equating to a forward yield of 4.9%.

Super Retail Group Ltd (ASX: SUL)

This retailer’s shares currently offer a generous trailing fully franked 6.7% dividend. The good news is that I believe this dividend can grow further thanks to the positive start it has made in FY 2019. Last month Super Retail advised that all its businesses had delivered solid like for likes sales growth year to date. The Macpac business was the star of the show with like for like sales growing 8.4% and total sales climbing 17.6% on the prior corresponding period.

And don't miss out on this dividend share which has been tipped to deliver strong long-term growth.

The best dividend share to buy in November

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 Collins Foods Limited. The Motley Fool Australia owns shares of and has recommended RURALFUNDS STAPLED. The Motley Fool Australia owns shares of National Australia Bank Limited and Super Retail Group Limited. The Motley Fool Australia has recommended Collins Foods 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!