3 quality ASX dividend shares that I would buy this week

National Australia Bank Ltd (ASX:NAB) shares are one of three that I think income investors should consider buying this week…

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If you're in search of a source of income and term deposits just aren't cutting it, then I think you should consider the Australian share market and the numerous quality dividend shares it has to offer.

Three top dividend shares that I would buy this week are listed below. Here's why I like them:

Crown Resorts Ltd (ASX: CWN)

I think income investors ought to look at this casino and resorts operator. Although it has had a slow start to FY 2019, I think its long-term growth prospects are very positive thanks to the opening of Crown Sydney at Barangaroo in around two years. I believe this and the inbound tourism boom will lead to solid earnings and dividend growth. At present Crown's shares offer a trailing partially franked 4.5% dividend yield.

National Australia Bank Ltd (ASX: NAB)

If you don't already have exposure to the banking sector then it could be worth considering NAB. Although its recent half year result was a touch underwhelming, I remain confident that the bank is over the worst of its issues now. And although the NAB board cut its interim dividend materially to 83 cents per share, I believe this was a good move and has brought it to a sustainable level. Assuming the bank does the same for its final dividend, NAB's shares currently offer a forward fully franked 6.4% dividend yield. Though, investors will need to act quickly to get hold of its next dividend. NAB's shares trade ex-dividend on May 14, meaning you'll need to be on the share register at the close of play today to qualify for it.

Wesfarmers Ltd (ASX: WES)

I think that this conglomerate would be a great option for income investors. Wesfarmers has had a transformational year following a series of asset sales and divestments which I believe have made it stronger. I expect the combination of this and potential earnings accretive acquisitions to lead to solid earnings and dividend growth over the next few years. I estimate that its shares will provide investors with a fully franked 4.3% dividend yield over the next 12 months.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Crown Resorts Limited and Wesfarmers Limited. The Motley Fool Australia owns shares of National Australia Bank 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.

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