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These ASX dividend shares are hard to ignore right now

With interest rates at record lows and likely to drop even lower in the coming months, I think the share market is a great place to look for a source of passive income.

Especially after the recent market volatility, which has left many dividend shares trading at such inviting levels.

Three top dividend shares I would buy when the market volatility eases are listed below. Here’s why I like them:

National Storage REIT (ASX: NSR)

The first dividend share to consider is National Storage. National Storage is one of the ANZ region’s largest self-storage providers with over 170 storage centres. From these centres the company offers self-storage, business storage, climate controlled wine storage, vehicle storage, and other value added services. The company has been growing at a solid rate over the last few years thanks to a combination of acquisitions and organic growth. I expect more of the same in FY 2020 and beyond, and expect the company to pay a ~10 cents per unit distribution this year. This equates to a 4.9% yield.

Super Retail Group Ltd (ASX: SUL)

Another dividend share to consider buying is Super Retail. The retail group behind popular chains such as Macpac, Rebel, and Super Cheap Auto has seen its shares sink materially lower during the market volatility. And while Super Retail’s performance in FY 2020 could be negatively impacted by the bushfires, I’m optimistic that the coronavirus outbreak won’t have too much impact. Furthermore, I expect its earnings and dividend growth to accelerate again next year when conditions return to normal. For now, Super Retail’s shares offer a trailing fully franked 7.3% dividend yield.

Transurban Group (ASX: TCL)

A final dividend share to consider buying is Transurban. I believe the toll road operator is one of the best dividend shares on the market and expect it to continue to deliver solid income and distribution growth over the long term. This is thanks to the quality of its roads, their strong pricing power, and increasing traffic flows. They helped Transurban deliver an 8.6% increase in half year proportional toll revenue to $1,396 million last month. Management also reaffirmed its plan to increase its FY 2020 distribution to 62 cents per share, which equates to a yield of 4.8%.

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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 Super Retail Group Limited and Transurban Group. 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.