Despite interest rates still stuck at record lows, investors have been shying away from some of the S&P/ASX 200's (INDEXASX: ^AXJO) (ASX: XJO) juiciest dividend-paying shares.
Here are 3 that could be worth closer consideration:
Telstra Corporation Ltd (ASX: TLS) – yields 7.6% fully franked
Telstra Corporation shares have fallen to levels not seen since late 2012 over fears regarding its dividend and increasing competition from the likes of TPG Telecom Ltd (ASX: TPM) entering the mobile space. At least one broker thinks that Telstra's dividend could be cut by 45% in the next few years.
Retail Food Group Limited (ASX: RFG) – yields 6.5% fully franked
Retail Food Group is one of the most aggressively short-sold companies on the ASX, with around 12% of its shares held for short sale. Fellow franchisor Domino's Pizza Enterprises Ltd. (ASX: DMP) is also heavily short-sold, with the franchise model apparently coming under increasing scepticism from the sellers.
National Australia Bank Ltd. (ASX: NAB) – yields 6.5% fully franked
The seemingly forgotten 4th bank of the Big Four, NAB appeared to be one of the least risky in my recent look at the property lending market. It carries among the lowest percentage of interest only loans among the Big 4 banks, which is a big positive if you're concerned about the Australian housing market.
However, just because NAB appears more attractive relative to the other banks, doesn't mean that you should buy it.
