Special Free Report From The Motley Fool
Given that interest rates are at record lows, and look set to stay around these low levels for what could be many years to come, by comparison income hungry investors might be better off skipping supposed high interest savings accounts and looking to the share market.
The Motley Fool's in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of these 3 fully franked ASX dividend shares.
Mantra Group (ASX: MTR)
Accommodation provider Mantra Group is owner of the Mantra, Peppers, and BreakFree hotel and resort brands. Australia continues to be an attractive tourist destination, and Mantra is well placed to capture its fair share of the tourism boom. With its shares trading at $2.65, Mantra currently trades on a nearly 4% fully franked dividend yield.
RCG Corp (ASX: RCG)
RCG Corporation is the Australian leader in shoe retail and wholesale distribution, with a focus on the 'performance' and 'lifestyle' sectors. But the real story is how the company has created substantial wealth for investors over the years, driven by significant and sustained earnings and dividend growth. With the shares currently trading at $1.13, today's 5.2% fully franked yield is pretty darn attractive in the context of rising cash flows and an increasing capacity to distribute excess cash..
Monash IVF (ASX: MVF)
Monash IVF, which provides reproductive services, recently increased its dividend — despite what's been a bit of a rough patch for its niche of the medical sector. It's hard to know when demand for IVF might pick up, but in the past, lean times have been followed by boom times. In the meantime, with its shares currently trading at $1.85, patient shareholders will likely receive a dividend yield of at least 4.7%, fully franked.
But the very best pick of the bunch is still to come. Just click the link below for the big reveal, direct from a respected (and expert) investor.
There is a fourth dividend share that I feel investors should also consider. It has grown its dividend each year for 10 years in a row and I expect the same this year.
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Numbers as of March 8, 2017. Motley Fool contributor Bruce Jackson owns shares of Telstra. The Motley Fool Australia has no position in any of the stocks mentioned. 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 Bruce Jackson.
