The Motley Fool

Beat low interest rates with these ASX dividend shares

Although the latest ASX 30 Day Interbank Cash Rate Futures are pointing to there being only a 17% chance of another rate cut at the Reserve Bank’s meeting in August, I continue to believe it is only a matter of time until the central bank takes rates lower again.

If you haven’t done so already, this could make it a great time to consider switching funds from term deposits or savings accounts to the many quality dividend shares on offer on the local share market.

Three that I would consider buying this week are listed below:

Aventus Group (ASX: AVN)

I think this owner and operator of large format retail centres (retail parks) across Australia could be a good option for income investors. This format has proven very popular with consumers, which has led to Aventus enjoying a sky high occupancy rate again in FY 2019. Thanks to the combination of this high occupancy rate and periodic rental increases, I believe Aventus is well-placed to continue increasing its distribution at a modest rate over the next decade. Its units currently provide a trailing 6.8% distribution yield.

National Storage REIT (ASX: NSR)

Another top option for income investors could be National Storage. This leading self-storage provider is one of the biggest in the ANZ market with a network of 146 centres. Pleasingly, management continues to see opportunities to grow its network through new developments and also acquisitions thanks to the highly fragmented nature of the industry. I expect this to result in solid distribution growth over the coming years. At present its shares offer a trailing 5.4% distribution yield.

Rural Funds Group (ASX: RFF)

One of my favourite dividend shares on the local market is this agriculture-focused property group. I’m a big fan of the company due to its high quality assets and long term assets. I’m not alone in thinking this way. Earlier this week analysts at UBS retained their buy rating and increased the price target on the company’s shares to $2.65. UBS expects Rural Funds to pay a 10.4 cents per share distribution this year and then 10.8 cents per share in FY 2020. This equates to a 4.5% FY 2020 distribution yield.

And here are three more dividend shares that could help you smash low interest rates over the coming years.

NEW! Top 3 Dividend Bets for 2019

With interest rates likely to stay at rock bottom for months (or YEARS) to come, income-minded investors have nowhere to turn... except dividend shares. That’s why The Motley Fool’s top analysts have just prepared a brand-new report, laying out their top 3 dividend bets for 2019.

Hint: These are 3 shares you’ve probably never come across before.

They’re not the banks. Not Woolies or Wesfarmers or any of the “usual suspects.”

We think these 3 shares offer solid growth prospects over the next 12 months. The first two currently offer fat, fully franked yields. The last is a surprising REIT offering you the benefits of being a landlord with none of the hassle! You’ll discover all three names and codes in "The Motley Fool’s Top 3 Dividend Shares for 2019."

Even better, your copy is free when you click the link below. Fair warning: This report is brand new and may not be available forever. Click the link below to be among the first investors to get access to this timely, important new research!

The names of these top 3 dividend bets are all included. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies move – we may be forced to remove this report.

Click here to claim your free copy right now!

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. The Motley Fool Australia has recommended AVENTUS RE UNIT and National Storage REIT. 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.

FREE REPORT: Five Cheap and Good Stocks to Buy now…

Our Motley Fool experts have FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.7% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.