Later today Wesfarmers Ltd (ASX: WES) will pay shareholders the conglomerate's latest dividend.
Wesfarmers is paying a fully franked 78 cents per share dividend, bringing its total dividends for the year to $2.78 per share.
Whilst I'm sure some shareholders will use these funds as a source of income to live on, others may wish to reinvest them back into the share market. For the latter group of shareholders, here are three shares you could buy:
Appen Ltd (ASX: APX)
Investors interested in growth shares might want to consider this leading developer of high-quality, human annotated datasets for machine learning and artificial intelligence. I believe recent share price weakness has created a buying opportunity for investors. Especially given its attractive valuation and outstanding long-term growth potential. In respect to the latter, this is due to increasing demand for its services due thanks to the proliferation of machine learning and artificial intelligence.
National Storage REIT (ASX: NSR)
Investors that are in search of more dividends that might want to consider National Storage. It is a self-storage-focused real estate investment trust which operates a network of 168 centres throughout the ANZ region. Thanks to development projects and its growth through acquisition strategy, I believe it is well-placed for growth. At present its shares provide investors with a 5.3% trailing distribution yield.
Qantas Airways Limited (ASX: QAN)
Finally, if you're not averse to investing in airlines then I think Qantas is worth considering. I think its shares offer a winning combination of growth, income, and value. This is due to its cost reductions, fuel hedging, and successful capacity management. Overall, I believe this has left the airline well-positioned for a strong year in FY 2020. Furthermore, I expect it to allow Qantas to pay a fully franked 4.3% dividend in 2020.
