Luckily in this low interest rate environment, there are a large number of quality ASX shares that offer generous dividend yields.
Three top ASX dividend shares that I would buy are listed below. Here’s why I like them:
Aventus Group (ASX: AVN)
The first dividend share to consider buying is Aventus. It is the largest fully-integrated owner, manager and developer of large format retail centres in Australia, with a portfolio of 20 centres valued at $2.2 billion. I like Aventus due to its diverse tenant base of 593 quality tenancies and large exposure to national retailers. The latter represent 87% of its total portfolio at the last count. In FY 2020 the Aventus board intends to lift its distribution to 17.1 cents per unit. Based on its last close price, this equates to a very attractive 6.4% distribution yield.
National Storage REIT (ASX: NSR)
Another dividend share to consider is National Storage. It is one of the ANZ region’s largest self-storage providers, tailoring self-storage solutions to residential and commercial customers through over 170 storage centres. Its offering spans self-storage, business storage, climate controlled wine storage, vehicle storage, vehicle and trailer hire, packaging, insurance and other value added services. Thanks to a combination of acquisitions and organic growth, National Storage has been growing its distribution at a solid rate in recent years. I expect this trend to continue in FY 2020 and estimate that the company will pay a 10 cents per unit distribution. This equates to a 4.55% yield.
Telstra Corporation Ltd (ASX: TLS)
A final dividend share to consider buying is this telco giant. Its shares have pulled back materially this year despite its solid half year result and the reaffirming of its guidance last month. I think this share price weakness is a buying opportunity for investors, especially given its increasingly positive outlook. This is thanks to rational competition, cost cutting, and the progress of the NBN rollout. At present Telstra’s shares offer investors a fully franked 4.7% dividend yield.
These 3 stocks could be the next big movers in 2020
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Limited. The Motley Fool Australia has recommended AVENTUS RE UNIT. 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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