The Australian share market is home to a large number of quality of options for income investors.
Which certainly is good news given the low interest rate environment that we are living in.
Three top options that I would consider buying this week are listed below. Here’s why I like them:
Helloworld Travel Ltd (ASX: HLO)
One option I think income investors ought to consider is Helloworld. I believe the integrated travel company is a good option due to its solid growth prospects and generous dividend yield. It has been growing at a solid rate in recent years and has started the new financial year in a positive fashion. Helloworld recently reported first quarter EBITDA growth of 7.7%. I believe this puts it in a strong position to deliver further profit and dividend growth in FY 2020. At present its shares offer a trailing fully franked 4.1% dividend yield.
Stockland Corporation Ltd (ASX: SGP)
Another option for income investors to consider is Stockland. It is a property group which owns, manages and develops a wide range of assets such as retail centres and residential properties. After a strong FY 2019, it looks well placed to generate further growth in income and distributions in the new financial year following a positive start. In light of this, I estimate that its shares offer a generous forward 5.7% distribution yield.
Westpac Banking Corp (ASX: WBC)
The banking sector has come under significant pressure in recent weeks due to a series of negative events. Westpac’s shares in particular have been hit hard due to the AUSTRAC scandal. While this was very disappointing, I believe that the worst case scenarios have now been priced into its shares. This could make it worth considering a small investment in the banking giant’s shares for income investors. Based on its recent final dividend, its shares offer an annualised fully franked 6.5% dividend yield.
The post I would buy these ASX dividend shares for income this week appeared first on Motley Fool Australia.
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James Mickleboro owns shares of Westpac Banking. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Helloworld Limited. The Motley Fool Australia has recommended Helloworld Limited. 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.
The Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 2020