With the cash rate at a record low and unlikely to be lifted in the near term, I think savers and income investors ought to consider putting their money to work in the share market.
Three top dividend shares that I think investors ought to take a closer look at are listed below. Here's why I like them:
Dicker Data Ltd (ASX: DDR)
Dicker Data is a founder-led computer hardware and software distributor in Australia and New Zealand. It recently released its unaudited FY 2018 results which revealed further strong growth. The company posted a 15% increase in profit before tax during the 12 months thanks to growth from existing vendors and the introduction of new vendors. I expect more of the same in FY 2019, allowing Dicker Data to grow its dividend once again. At present Dicker Data's shares offer a fully franked 5.8% yield.
National Storage REIT (ASX: NSR)
National Storage is a self-storage-focused real estate investment trust. At the last count it provided its self-storage solutions to over 35,000 residential and commercial customers through its network of 127 storage centres across Australia and New Zealand. While this is already a large network, management continues to see expansion opportunities that are expected to underpin its growth over the next decade. At its last update management revealed it was actively considering $100 million worth of acquisitions. I feel confident its strong operational performance, development pipeline, and growth through acquisition strategy have positioned it well for long term growth. At present National Storage's units offer a trailing 5.2% yield.
Rural Funds Group (ASX: RFF)
This real estate property trust owns a large number of rural properties across different geographies and farming industries. Earlier this week it announced the $35 million acquisition of the Cobungra cattle property in Victoria, further strengthening its portfolio and income streams. I believe this and its existing properties means the company is well positioned to grow its distribution each year at a solid and predictable rate. At present its units offer a trailing 4.7% yield.
