According to the latest Westpac Banking Corp (ASX: WBC) Weekly economic report, the banking giant continues to expect one more cash rate cut in 2019.
This will bring the cash rate down to 0.75% and put further pressure on the interest rates offered with savings accounts and term deposits.
The good news is that the local share market has a good number of quality options that offer very generous dividend yields.
Three to consider buying next week are listed below:
Dicker Data Ltd (ASX: DDR)
Dicker Data is a leading distributor of information technology products across Australia and New Zealand. Thanks to a combination of increasing demand and a growing number of vendor agreements, Dicker Data has delivered strong earnings growth over the last few years. This has allowed the company to grow its dividend materially over the period, meaning its shares now offer a trailing fully franked 4% dividend yield.
National Storage REIT (ASX: NSR)
With a network of 146 centres, National Storage is one of the largest self-storage providers in the ANZ market. Thanks to a combination of earnings accretive acquisitions and its high occupancy levels, the company has grown its distribution at a solid rate over the last few years. Pleasingly, management sees plenty more acquisition opportunities in a highly fragmented market. I believe this will support solid income and distribution growth over the coming years. At present its shares offer a trailing 5.4% distribution yield.
Stockland Corporation Ltd (ASX: SGP)
Stockland is a diversified Australian property company which owns, manages, and develops shopping centres, housing estates, industrial estates, and retirement villages. According to a recent presentation, the company is targeting FFO per security growth of ~5% in FY 2019. This has allowed the company to declare a final distribution of 14.1 cents per security, bringing its full year distribution to 27.6 cents per security. This equates to a 6.2% distribution yield.
