On Wednesday the eligible shareholders of leading insurer Suncorp Group Ltd (ASX: SUN) will see its final fully franked dividend of 40 cents per share land in their bank accounts.
Whilst many investors will use this generous pay out as a source of income, others may wish to reinvest it back into the market again.
Here are two investment ideas for the latter group of shareholders:
Mantra Group Ltd (ASX: MTR)
Investors looking for more quality dividend options might want to consider this leading accommodation provider. Whilst its trailing fully franked 3.5% dividend is by no means comparable to Suncorp's at present, I believe that the company is in a position to grow it significantly in the future thanks to the inbound tourism boom Australia is experiencing.
As demand for rooms increases, I expect to see higher occupancy levels and room rates. This could result in above-average earnings and dividend growth, making now an ideal time to snap up shares.
Ramsay Health Care Limited (ASX: RHC)
At the current share price I think this private hospital operator could prove to be a bargain buy for investors. There are few companies on the Australian share market which can match the quality of Ramsay in my opinion.
Its talented management team, increasing demand for healthcare services, expansion opportunities, and long-term earnings growth potential all make Ramsay a fantastic buy and hold investment option in my opinion.
