With interest rates at rock bottom levels and poised to go even lower in the near future, it is becoming impossible for income investors to generate a sufficient source of income from assets like savings accounts and term deposits.
In light of this, I think now could be a very good time to look at dividend shares.
Three top dividend shares I would buy this week are listed below:
Australia and New Zealand Banking Group (ASX: ANZ)
If you don't already have meaningful exposure to the banking sector, then I think ANZ could be worth considering. I would choose it ahead of other banks due its attractive valuation and generous trailing fully franked 5.9% dividend yield. In addition to this, I'm a fan of the bank due to its strong capital position. Even after this week's customer remediation I estimate that its CET1 ratio currently stands at ~11.5%. This is significantly higher than APRA's unquestionably strong 10.5% CET1 ratio benchmark.
Aventus Group (ASX: AVN)
Aventus is a leading owner and operator of large format retail parks across Australia. Thanks to the popularity of the format with consumers, its high occupancy rates, and periodic rental increases, I believe Aventus is in a good position to continue growing its distribution over the coming years. Based on this, I estimate that its shares currently offer a forward 6.3% distribution yield.
National Storage REIT (ASX: NSR)
Finally, a third dividend share to consider buying is National Storage. It is a self-storage-focused real estate investment trust which owns a network of 168 centres throughout the ANZ region. I believe it is capable of further solid growth over the coming years thanks to its development pipeline and growth through acquisition strategy. At present its shares provide a 5.3% trailing distribution yield.
