3 ASX dividend shares for income investors to buy in March

With the cash rate at a record low and tipped to go even lower later this year, I think now is as good a time as ever to look at the many quality dividend options on the Australian share market.

Three top dividend shares that I think would be great options for income investors right now are listed below. Here’s why I like them:

Aventus Retail Property Fund (ASX: AVN)

I think that this retail property fund could be a good option for income investors. Aventus is a retail property fund focused on large format retail centres and counts the likes of Harvey Norman Holdings Limited (ASX: HVN), Officeworks, and The Good Guys as tenants. In the first half of FY 2019 the company posted a 6.3% increase in funds from operations to $47 million. This was driven by its high occupancy levels and a 3.3% increase in like for like net property income. Aventus’ units currently offer a trailing 7.3% distribution.

Rural Funds Group (ASX: RFF)

Rural Funds is another real estate property trust which I think would be worth considering this month. Rural Funds is the owner of 49 properties across six agricultural sectors and multiple climactic zones throughout Australia. At its last update, the trust’s properties had a weighted average lease expiry of 11.4 years. I think the combination of these long leases and rental indexation have positioned Rural Funds perfectly to achieve its target of distribution growth of at least 4% each year for the foreseeable future. This year the trust intends to pay a total distribution of 10.85 cents per unit, which equates to a yield of 4.8%.

Sydney Airport Holdings Pty Ltd (ASX: SYD)

One final dividend option that could be a great investment is this airport operator. Last month Sydney Airport released its full year results and reported record total revenue of $1,584.7 million and EBITDA of $1,282.6 million. This was a 6.8% increase and 7.2% increase, respectively, on the previous year. This solid result and management’s positive outlook means it expects to pay a 39 cents per security distribution in FY 2019, which works out to be a 5.3% forward yield at the last close price.

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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. The Motley Fool Australia has recommended AVENTUS RE UNIT. 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.

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