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4 ASX dividend shares to beat low interest rates

Thankfully in this low interest rate environment, the Australian share market is home to a large number of shares paying generous dividends.

Four top dividend shares that I think are in the buy zone right now are listed below. Here’s why I would buy them:

Accent Group Ltd (ASX: AX1)

Accent Group is the footwear-focused retailer behind popular retail chains including HYPE DC and Platypus. It was a strong performer in FY 2019 despite the tough trading conditions in the retail industry. And although trading conditions have still not improved, I believe it is capable of more growth this year. This is thanks to its strong brands, growth plans, and further margin expansion. Based on this, I estimate that its shares offer a forward fully franked 5% dividend yield.

BWP Trust (ASX: BWP)

Another good option for income investors could be BWP. It is a real estate investment trust which generates most of its income as the landlord of hardware giant Bunnings. Thanks to the quality of its tenants and periodic rental increases, I believe it is well-placed to grow its dividend for many years to come. At present its shares provide a trailing 3.5% distribution.

Lendlease Group (ASX: LLC) 

Although Lendlease has had a tough 12 months, I believe it is over the worst of its issues now. This could make it a good time to consider a patient long-term investment. Especially given its development pipeline is now approaching $100 billion. I believe this has put the company in a position to grow its dividend at a solid rate over the next decade. Presently, I estimate that its shares offer a fully franked 4% FY 2020 dividend yield.

Stockland Corporation Ltd (ASX: SGP)

A final dividend share to consider buying is Stockland. It is a diversified Australian property company which owns, manages and develops retail centres, workplace and logistics assets, residential and retirement communities. This year the market is forecasting a small increase in its distribution to 27.8 cents per unit. This equates to a forward 6% distribution yield based on its last close price.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Accent Group. 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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