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Why I would buy Sydney Airport and these ASX dividend shares right now

James Mickleboro
Corporate travel jet flying into sunset

Luckily in this low interest rate environment, there are a large number of quality dividend shares on the Australian market to choose from.

Perhaps the hardest part is deciding which ones to buy.

To help you narrow down your options, I have picked out three top dividend shares I would buy today:

Aventus Group  (ASX: AVN)

Aventus is a fully integrated owner, manager, and developer of retail parks in the Australian market. It currently owns and operates 20 centres which are home to major retailers such as Chemist Warehouse, The Good Guys, Officeworks, and Bunnings. Due to the popularity of the format with consumers and solid demand for tenancies, Aventus appears well-placed to deliver modest income and distribution growth over the next decade. At present, I estimate that its shares offer a forward 6% distribution yield.

Macquarie Group Ltd  (ASX: MQG)

I think Macquarie is one of the highest quality companies on the Australian share market and a great long term option for investors. I’m a big fan of Macquarie due to the diversity of its earnings in comparison to the big four banks. In addition to this, its talented management team and solid growth prospects are also attractive qualities. At present Macquarie’s shares offer a partially franked trailing dividend yield of approximately 4.4%.

Sydney Airport Holdings Pty Ltd  (ASX: SYD)

A final dividend shares to consider buying is Sydney Airport. I like the airport operator due to its exposure to the international tourism boom, improving domestic tourism, its strong pricing power, and its other growing ancillary revenues. Overall, I believe this leaves Sydney Airport well-placed to grow its income and dividends at a solid rate over the next decade. In 2019 Sydney Airport paid shareholders a 39 cents per share dividend, which equates to a 4.5% dividend yield.

The post Why I would buy Sydney Airport and these ASX dividend shares right now 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 Macquarie Group Limited and Sydney Airport Holdings Limited. The Motley Fool Australia has recommended AVENTUS RE UNIT. 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