Luckily for income investors in this low interest rate environment, the Australian share market has an average dividend yield of approximately 4%.
But you don't need to settle for that. Here are three high yield ASX dividend shares for income investors to snap up today:
BHP Group Ltd (ASX: BHP)
If you don't have exposure to the resources sector then it could be worth consider an investment in BHP's shares. I believe it could be a great option for income investors due to the high levels of free cash flow it is generating thanks to its world class low-cost operations and favourable commodity prices. I suspect the majority of its free cash flow will be returned to shareholders through dividends in FY 2020. Based on this, I estimate that its shares currently offer a fully franked forward 5.9% dividend yield.
National Storage REIT (ASX: NSR)
National Storage is one of the largest self-storage operators in the ANZ region with a network of 168 centres. Thanks to solid demand for its services from both residential and commercial customers, its development and acquisition plans, and the improving housing market, I believe it is well-placed to continue growing its distribution at a steady rate over the next few years. At present the company's shares provide a 5% trailing distribution yield.
Super Retail Group Ltd (ASX: SUL)
Another high yield option for income investors to consider buying is Super Retail. The retail group behind chains such as Macpac, Rebel, and Super Cheap Auto has been a solid performer in recent years despite tough trading conditions. Following a positive start to the new financial year, I'm confident that Super Retail's strong form will continue again in FY 2020 and lead to further profit and dividend growth. Its shares currently offer a trailing fully franked 5% dividend yield.
