With an average dividend yield of 4%, I believe Australian income investors are a lucky bunch.
Arguably the hardest decision they face is which of the many fantastic dividend shares to invest in.
Three which I would consider snapping up in August are listed below. Here's why I like them:
Japara Healthcare Ltd (ASX: JHC)
Thanks to the expected demand for its services due to Australia's ageing population, I believe Japara Healthcare is in a great position to grow its earnings and dividend at an above-average rate for the foreseeable future. Considering Japara's shares already provide a trailing fully franked 5.7% dividend, I feel this could make it a fantastic long-term investment option for income investors.
Suncorp Group Ltd (ASX: SUN)
This leading insurer's shares fell approximately 6% this week following the release of its full-year result. I think Suncorp delivered a solid result and the sell-off has created a buying opportunity for investors. Especially with its shares now providing investors with a trailing fully franked 5.3% dividend.
WAM Capital Limited (ASX: WAM)
Thanks to the outperformance of its portfolios over the last few years, WAM has increased its dividend for seven consecutive years. This means that although the listed investment company's shares are trading close to an all-time high, they still provide investors with a generous trailing fully franked 6.1% dividend. I believe this makes it one of the best dividend shares on the ASX right now.
