If you're looking for a source of income in this low interest rate environment then you might want to consider the ASX dividend shares listed below.
I believe all three are great options for income investors right now. Here's why I like them:
Lendlease Group (ASX: LLC)
One dividend share that I would consider buying is Lendlease. Although its performance over the last couple of years has been very disappointing, I believe the international property and infrastructure company is over the worst of its issues now. Furthermore, thanks to its record pipeline of development projects and $20 billion multi-year project with tech giant Google in the United States, I am confident that Lendlease is well-positioned to deliver solid long-term earnings and dividend growth. At present I estimate that its shares offer a fully franked forward 3.7% dividend yield.
National Australia Bank Ltd (ASX: NAB)
If you don't have exposure to the banks then I think it would be well worth considering NAB. I feel NAB's shares are trading at a very attractive level after a pullback over the last few months. And while trading conditions remain tough, I believe its overweight exposure to small business lending and the improving housing market should support its bottom line over the next 18 months. Another positive is that even after factoring in a probable dividend cut in FY 2020, I estimate that its shares offer investors a fully franked forward 6.4% dividend yield.
Sydney Airport Holdings Pty Ltd (ASX: SYD)
Whilst I think Sydney Airport could be negatively impacted by a reduction in international visitors due to the coronavirus outbreak, I'm optimistic that this will be restricted to just the first quarter of 2020. In light of this, I think the pullback in its share price could be a buying opportunity for income investors. Especially with its shares now providing investors with an estimated forward 4.8% dividend yield. Though, it may be prudent to wait for the release of its results later this month before making a move.
