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3 quality ASX dividend shares to buy next week

With the interest rates on offer with term deposits barely keeping up with inflation, I think income investors ought to look to the share market for a passive income.

After all, the Australian share market has an average dividend yield of ~4%. This is vastly superior to anything you’ll get from a term deposit right now.

But which shares should you buy? Here are three options to consider:

Macquarie Group Ltd (ASX: MQG)

I think Macquarie is one of the highest quality companies in the country and a great long term option. This is due to the quality and diversity of its operations and its talented management team. Combined, I feel it is well-positioned for strong earnings and dividend growth over the next decade even when the big four banks may be struggling. At present Macquarie’s shares offer a partially franked trailing dividend yield of approximately 4%.

Stockland Corporation Ltd (ASX: SGP)

Another top option for income investors to consider is Stockland. It is a leading property company which owns, manages, and develops a range of assets including retail centres and residential properties. After a strong performance in FY 2019, Stockland has continued its positive form in FY 2020. In light of its positive start to the year, I estimate that its shares offer a generous forward 5.7% distribution yield.

Sydney Airport Holdings Pty Ltd (ASX: SYD)

With rates set to stay lower for longer, I think this bond proxy would be a good option for income investors. Bond proxies are shares that are expected to offer predictable returns over a long period of time, much like a traditional bond. So, when bond yields offer insufficient income, investors will turn to them instead. Which could be a good thing. Because due to its position as the main gateway into Australia and its growing ancillary revenues, I believe it is well-placed to grow its dividend. At present the airport operator’s shares offer an estimated forward 4.5% dividend yield.

And here are 3 top dividend shares that income expert Edward Vesely has given buy ratings.

Top 3 Dividend Shares To Buy For 2020

When Edward Vesely -- our resident dividend expert -- has a stock tip, it can pay to listen. With huge winners like Dicker Data (up 126%) and Collins Food (up 79%) under his belt, Edward is building an enviable following amongst investors that are planning for retirement.

In a brand new report, Edward has just revealed what he believes are the 3 best dividend stocks for income-hungry investors to buy now. All 3 stocks are paying growing fully franked dividends giving you the opportunity to combine capital appreciation with attractive dividend yields.

Best of all, Edward’s “Top 3 Dividend Shares To Buy For 2020” report is totally free to all Motley Fool readers.

Click here now to access this free report.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited and Sydney Airport Holdings Limited. 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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