Due to declines in their respective share prices, a number of shares are currently trading at rock bottom prices and provide investors with generous dividends.
Three which have caught my eye and could be worth considering are listed below.
RCG Corporation Ltd (ASX: RCG)
This footwear retailer's shares are currently changing hands at just 11x earnings and provide investors with a fully franked 7.5% dividend. Although the retail industry is experiencing tough trading conditions and Amazon is widely expected to launch in Australia in the near future, management remains confident that it is in a position to deliver another year of profit growth in FY 2018. I expect this will lead to an increase to its dividend as well.
Retail Food Group Limited (ASX: RFG)
With its shares down 37% since the turn of the year, they now yield a very generous trailing fully franked 6.7% dividend. Although the company's growth is slowing, I believe this is more than baked into its current share price. Potentially making now an opportune time to snap up shares in the food and beverage company.
Telstra Corporation Ltd (ASX: TLS)
This morning the Telstra share price hit another new five-year low of $3.42. While opinion is largely divided on how sustainable the telco giant's dividend is, I remain confident that the proposed 22 cents per share dividend will be maintained for at least the next three years. At the current share price this equates to a fully franked 6.4% dividend.
