If you’re looking for a way to beat low interest rates, then I think dividend shares are the way to go.
Three high quality ASX dividend shares that offer very generous yields are listed below. Here’s why they could be worth considering:
National Australia Bank Ltd (ASX: NAB)
I think a recent pullback in NAB’s share price has created a buying opportunity for income investors. Not only are its shares trading on below average multiples, they also offer one of the biggest yields on the local market. Another positive is the recent improvements in the housing market, which could support mortgage loan demand in 2020. Based on its current share price, its shares offer a trailing fully franked 6.5% dividend yield.
Stockland Corporation Ltd (ASX: SGP)
I think Stockland could be a great option for income investors. It is a diversified property company which owns, manages and develops a diverse range of property assets. It recently revealed an estimated distribution for the six months to December 31 of 13.5 cents per security. This puts the company on course to deliver on its distribution guidance of 27.6 cents per security for FY 2020. Based on this, its shares currently provide investors with a forward 5.8% distribution yield.
Transurban Group (ASX: TCL)
A final dividend share to consider buying is this leading toll road operator. Transurban owns a number of key roads across Australia and North America. With congestion on arterial roads getting worse each year, it’s no surprise to learn that the company’s toll roads continue to experience growing traffic numbers. Combined with periodic toll increases, this is leading to solid income and distribution growth. In FY 2020 Transurban plans to lift its distribution to 62 cents per security, which works out to be a forward ~4% distribution yield.
The post NAB and these ASX dividend shares are on my Christmas list appeared first on Motley Fool Australia.
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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 Transurban Group. The Motley Fool Australia owns shares of National Australia Bank 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. 2019