With interest rates at a record low and unlikely to rise until late next year, I believe savers should consider skipping savings accounts and put their money to work in the share market.
Three high yield dividend shares that I think are worth taking a closer look at today are listed below. Here's why I like them:
G8 Education Ltd (ASX: GEM)
A new dividend policy means that this leading childcare centre operator intends to pay a 20 cents per share dividend in FY 2018, equating to a fully franked 4.7% yield at today's share price. I think this is an attractive yield, especially given the company's bright growth prospects. I feel the recent acquisition of a portfolio of quality childcare and early education centres has put G8 Education in a strong position for growth.
Retail Food Group Limited (ASX: RFG)
Year-to-date this food and beverage company's shares have lost almost 35% of their value. Whilst its growth may be slowing, I feel this sell-off has been largely overdone and has left its shares trading at a bargain price. Furthermore, it means they now provide a very generous trailing fully franked 6.7% dividend.
Telstra Corporation Ltd (ASX: TLS)
In FY 2018 this telco giant intends to pay its shareholders a 22 cents per share dividend, which works out to be a fully franked 6.3% yield at the current share price. I think this and its rock bottom share price provides investors with a compelling risk/reward and would suggest income investors seriously consider snapping up shares today.
