3 high yield dividend shares to buy today

I think the Super Retail Group Ltd (ASX:SUL) dividend is one of three to buy today. Here's why…

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Last week the Reserve Bank of Australia opted to keep rates on hold at the record low of 1.5% for yet another month.

Based on recent economic data, this looks set to remain the case for some time to come.

In light of this, I continue to believe that investors would be better off skipping savings accounts and term deposits in favour of the share market.

Three income shares that I would consider are listed below:

Adairs Ltd (ASX: ADH)

After a sharp pullback in its share price over the last couple of months, this home furnishings retailer's shares are now trading at just 9x earnings and offer a trailing fully franked 7.8% dividend. I think this makes it a great option for income investors, especially given how it is well-positioned to continue growing its dividend in FY 2019. Management recently confirmed that it is on course to achieve earnings before interest and tax growth of between 4.9% and 13.7% in FY 2019 despite the cooling housing market.

National Storage REIT (ASX: NSR)

National Storage is one of the largest storage providers in ANZ with a growing network of facilities. Due to its high occupancy levels, increasing demand, and hefty cash balance to fund its growth through acquisition strategy, I believe the trust is positioned perfectly to continue increasing its distribution over the next few years. At present the company's units provide an above-average trailing 5.45% distribution yield.

Super Retail Group Ltd (ASX: SUL)

Like Adairs, I think this retail group's shares are a great option for investors after a recent pullback. Super Retail's shares are currently changing hands at just 10x earnings and offer a very generous 7% dividend yield. I think this is great value given that all of the company's brands have generated solid like for like sales growth so far in FY 2019.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Super Retail Group Limited. The Motley Fool Australia has recommended National Storage REIT. 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.

More on ⏸️ High Yield

⏸️ High Yield

3 secret ASX dividend shares with large yields

These 3 ASX dividend shares are small but they have large dividend yields. One pick is Pacific Current Group Ltd…

Read more »

asx share price dividend yield represented by street sign saying the word yield.
⏸️ High Yield

3 ASX dividend shares with yields above 5%

The 3 ASX dividend shares in this article have yields of more than 5%. One of them is furniture business…

Read more »

ASX shares represented by gold letters spelling ASX sitting atop a line graph
⏸️ High Yield

4 small cap ASX dividend shares with large yields

In this article are 4 small cap ASX dividend shares with large dividend yields including Pacific Current Group Ltd (ASX:PAC).

Read more »

fingers walking up piles of coins towards bag of cash signifying asx dividend shares
⏸️ High Yield

3 ASX shares with large dividend yields

In this article are 3 ASX dividend shares with large dividend yields. One of those businesses is Pacific Current Group…

Read more »

⏸️ High Yield

Macquarie's latest ASX "buy" idea has a 10% yield

It may have been high-growth tech stocks that have dominated but the latest ASX “buy” idea from Macquarie may be…

Read more »

⏸️ High Yield

Get paid huge amounts of cash to own these ASX dividend shares

I think that these ASX dividend shares can pay large amounts of cash to investors needing income, with good stability…

Read more »

⏸️ High Yield

Meet the ASX 200 stock with a dividend yield that'll hit ~14% in FY22

High yield stocks have lost out to high growth momentum stocks. But this could be the time to be buying…

Read more »

⏸️ High Yield

Are these high yield ASX dividend shares worth buying?

Are the high yield ASX dividend shares in this article worth buying? One of the considerations is Telstra Corporation Ltd…

Read more »