If you're in search of dividends then you're in luck because the Australian share market has a large number of quality options for income investors right now. Which certainly is a blessing in this low interest rate environment.
Three dividend shares that I would buy this week are listed below. Here's why I like them:
Dicker Data Ltd (ASX: DDR)
One of my favourite dividend shares on the ASX is this founder-led computer hardware and software distributor. Dicker Data has been a strong performer over the last eight years, generating significant income and capital returns for shareholders. Earlier this month the company released its unaudited full year results and revealed revenue growth of 14.4% to $1,494 million and profit before tax growth of 15% to $46 million. This allowed the Dicker Data board to lift its full year dividend to 20.2 cents per share, which equates to a fully franked 6.5% yield today. The good news is that I believe the strength of its business model and favourable tailwinds will allow this form to continue for the foreseeable future.
Wesfarmers Ltd (ASX: WES)
I think that this conglomerate would be a great option for income investors to consider this week. I believe the restructure of its portfolio over the last couple of years has made Wesfarmers a stronger company and provides it with the opportunity to accelerate its growth through earnings accretive acquisitions. So with its shares currently offering an estimated full year dividend yield of 5.6%, I think now would be an opportune time to pick up shares.
Westpac Banking Corp (ASX: WBC)
Although it isn't necessarily my first choice in the banking sector, I still see a lot of value in this banking giant's shares. Despite a solid run over the last couple of months, its shares are still trading on lower than average multiples and provide one of the most generous dividend yields on the market. At present Westpac's shares offer a trailing fully franked 7.2% dividend yield.
