3 ASX dividend shares with generous dividend yields

National Storage REIT (ASX:NSR) and these ASX dividend shares could be good options for income investors due to their generous yields…

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If you're looking for a source of income in this low interest rate environment then dividend shares could be a good option for you.

After all, many of them offer yields that are vastly superior to those of term deposits or savings accounts.

Three top ASX dividend shares that I would buy are listed below. Here's why I like them:

National Storage REIT (ASX: NSR)

National Storage is one the ANZ region's largest self-storage operators. At the last count it owned a network of 168 centres. Through these centres it provides tailored storage solutions to over 60,000 residential and commercial customers. It has been growing its income and distribution at a solid rate in recent years and I believe it is well-positioned to continue this trend for some time to come. Especially given the improving housing market, which should lead to increasing demand as people move houses. At present its shares provide a 5.1% trailing distribution yield.

Stockland Corporation Ltd (ASX: SGP)

Stockland is a diversified Australian property company that owns, manages and develops everything from retail centres to retirement communities. It has started FY 2020 in a positive fashion and delivered solid growth in the first quarter. It also advised of continued up-weighting in logistics and progress in its commercial property development pipeline. All in all, I believe it can deliver at least modest income and distribution growth in FY 2020. Its units currently offer a trailing 5.6% distribution yield.

Transurban Group (ASX: TCL)

A third and final dividend share to consider buying is Transurban. I firmly believe that the toll road operator is one of the best dividend shares on the local market. This is because of its world-class portfolio of roads, its defensive qualities, and solid growth potential. Another positive is its long track record of distribution increases. Its units currently offer a trailing 3.9% distribution yield.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Transurban Group. The Motley Fool Australia has recommended 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.

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