On Wednesday Telstra Corporation Ltd (ASX: TLS) shares will go ex-dividend for the telco company's final 15.5 cents per share dividend.
While some investors may use this dividend as a source of income, others will no doubt be looking to reinvest it back into the share market.
Here are two investment ideas to consider:
Aristocrat Leisure Limited (ASX: ALL)
Investors that are interested in growth shares might want to consider this gaming solutions company. With its shares down almost 14% from their 52-week high, I think now could be an opportune time to start an investment.
Especially if you are bearish on the Australian dollar. In the first-half of FY 2017 the company generated approximately 42% of its revenue in North America. Furthermore, with a number of significant releases in its pipeline, I expect Aristocrat Leisure to deliver strong profit growth this year and next.
WAM Capital Limited (ASX: WAM)
Investors that are interested in reinvesting their money into dividend shares could do a lot worse than this listed investment company. After all, at present its shares provide investors with a trailing fully franked 6.1% dividend.
The company has increased its dividend for seven years in a row and, thanks to the strong performance of its funds this year, I believe there is a strong chance that WAM will make it eight years in a row this year.
