This earnings season certainly wasn't a great one for income investors in my opinion.
The decision by Telstra Corporation Ltd (ASX: TLS) and Harvey Norman Holdings Limited (ASX: HVN) to make cuts to their respective dividends has no doubt left many income investors feeling deflated.
The good news, though, is that I believe there are plenty more quality dividend options out there to snap up today.
Two great options are listed below:
Mantra Group Ltd (ASX: MTR)
Whilst the shares of this leading accommodation provider don't provide the biggest yield on the market, I believe its trailing fully franked 3.7% dividend could grow significantly in the future thanks to the tailwinds of the tourism boom.
As demand for accommodation increases, I expect Mantra will enjoy higher occupancy levels and room rates. I feel this will boost its bottom line greatly, allowing the company to grow its dividend at an above-average rate. Furthermore, the company is likely to be given an additional boost from the recently announced acquisition of the Art Series hotel chain.
Suncorp Group Ltd (ASX: SUN)
Since hitting a 52-week high of $15.24 in July, the shares of this leading insurer have fallen over 14%. A sell-off of the insurance sector following weaker-than-expected results during earnings season has largely been behind Suncorp's decline.
I think this has created an opportunity for investors to snap up shares at a fair price. At present Suncorp's shares provide a trailing fully franked 5.6% dividend. And with its performance continuing to show signs of improvement, I think there's reason to believe that this dividend will continue to increase over the next year or two.
