Recent pullbacks by a number of growth shares has brought them down to levels that I believe make them worth considering as income options.
Three to consider buying right now are listed below. Here's why I think they are top options:
Helloworld Travel Ltd (ASX: HLO)
Helloworld is an integrated travel company which owns a large and diverse number of travel brands. These include brands in categories such as online, wholesale, corporate travel, and retail. Whilst the coronavirus outbreak is likely to weigh on its performance in the short term, I remain confident it is well-positioned for strong long-term growth one trading conditions ease. At present its shares offer a trailing fully franked 4.8% dividend yield.
Jumbo Interactive (ASX: JIN)
Jumbo is an online lottery ticket seller which is best known as the operator of the Oz Lotteries website. Its shares have come under pressure in recent months due to concerns over its slowing growth. This has been caused by its investment in growth opportunities. Pleasingly, its margins are expected to return to normal levels again next year and its growth should accelerate. In the meantime, this year Jumbo is expected to pay a fully franked dividend of 38.7 cents per share, which equates to a yield of 3.3%. If it delivers on its target of tripling its ticket sales through the Jumbo platform to $1 billion by FY 2022, I believe this dividend could grow rapidly in the coming years.
Kogan.com Ltd (ASX: KGN)
Earlier this week this ecommerce company released its half year results. Although this result was softer than the market was expecting, Kogan still delivered growth that other companies would have been proud of. Kogan posted a 16.4% increase in gross sales and a 20.8% lift in net profit after tax to $8.9 million. This allowed the Kogan board to declare a fully franked interim dividend of 7.5 cents per share, up 22.9% on FY 2019's interim dividend. If it does the same with its final dividend, then it means Kogan's shares provide a forward fully franked 3.5% dividend yield at present. I believe this could grow materially over the next decade.
