While the dividends on offer from the likes of Australia and New Zealand Banking Group (ASX: ANZ) and Commonwealth Bank of Australia (ASX: CBA) are very attractive, I believe they are unlikely to grow meaningfully over the coming years.
So if you're on the lookout for dividends with the potential to grow strongly over the next few years, I would suggest you check out these ASX shares:
Accent Group Ltd (ASX: AX1)
This footwear retailer's shares currently provide investors with a trailing fully franked 4.9% yield. I believe this dividend could grow strongly in FY 2019 thanks to its positive start to the financial year. A recent update revealed that the first 20 weeks of the financial year have been "materially stronger" than expected for the retailer. In light of this, first half EBITDA is expected to be between 15% and 20% higher than the prior corresponding period.
Helloworld Travel Ltd (ASX: HLO)
One of my favourite options in the mid cap space at the moment would have to be Helloworld. The integrated travel company has been growing at a strong rate over the last couple of years and shows no signs of slowing any time soon. In fact, after a strong first quarter performance, management recently confirmed that it is on course to grow its FY 2019 earnings in the range of 16.5% and 23%. The good news for income investors is that I expect the company to increase its dividend at a similar rate. At present its shares offer a trailing fully franked 3% dividend.
Kogan.com Ltd (ASX: KGN)
Although Kogan.com has had a reasonably underwhelming start to the year, I remain confident that it is well-positioned to benefit from the meteoric rise in online shopping over the long term. This could make it well worth considering the company as a patient buy and hold investment, especially if you're looking for dividends. Due to a recent pullback in its share price, Kogan.com's shares currently provide a trailing fully franked 4% dividend.
