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Forget Telstra Corporation Ltd to buy this top dividend share instead

Kevin Gandiya

Telstra Corporation Ltd(ASX: TLS) recently revised its FY 2018 guidance and whilst management reaffirmed that it expects its FY 2018 total dividend to be 22 cents per share fully franked (a yield of 6.4% based on the latest share price), investors might still be concerned about the sustainability of that dividend.

Investors looking for an alternative might want to consider Wesfarmers Ltd(ASX: WES). The conglomerate owner of top retail brands such as Coles and Bunnings is a popular blue chip stock that could be an alternative to Telstra. Here are its key metrics:

 

Overall, Wesfarmers has been a consistent performer but if you are looking for something different such as a fast-growing technology, you might want to read Bill Gates’ prediction below.

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Motley Fool contributor Kevin Gandiya has no position in any of the stocks mentioned.

You can follow Kevin on Twitter @KevinGandiya. The Motley Fool Australia owns shares of Telstra Limited and Wesfarmers 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 Bruce Jackson.