MENU

3 quality ASX dividend shares to buy today

With an average dividend yield of approximately 4%, the Australian share market is one of the most generous in the world.

But with so many dividend shares to choose from it can be hard to decide which ones to buy.

To help narrow things down for you, I’ve picked out three dividend shares that I would buy today:

Australia and New Zealand Banking Group (ASX: ANZ)

I think that ANZ Bank would be a great option for investors that don’t already have meaningful exposure to the banking sector. Negative investor sentiment which has been brought about largely by the Royal Commission has led to its shares trading on lower than normal multiples. I believe there’s a good chance that once the inquiry has concluded and the final report is released, its shares could rerate higher as sentiment improves. So with its shares currently offering a trailing fully franked 6.2% yield, now could be a good time to snap them up.

Rural Funds Group (ASX: RFF)

Rural Funds is an agriculture-focused real estate property trust which owns a variety of farm types including almonds, macadamias, cattle, poultry, and vineyards. As well as enjoying long term tenancy agreements, the trust benefits from having rental increases locked in. I believe this puts the trust in a good position to continue increasing its distribution for many years to come. This year the Rural Funds board intends to lift its distribution to 10.43 cents per unit, meaning its units currently offer a forward 4.7% yield.

Sydney Airport Holdings Ltd (ASX: SYD)

The operator of Australia’s biggest and busiest airport is another share that I think income investors ought to consider. Thanks to the inbound and outbound tourism boom that Australia continues to experience, I believe Sydney Airport is well-positioned to grow its bottom line and dividend at a solid rate over the coming years. Sydney Airport is expected to increase its dividend to 37.5 cents per stapled security this year, which equates to a yield of 5.3% based on its current share price.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended RURALFUNDS STAPLED and Sydney Airport Holdings 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!