Fortunately, with low interest rates here to stay for the foreseeable future, investors can always rely on the share market for income.
Three dividend shares which I think are great options for income investors are listed below. Here's why I like them:
Baby Bunting Group Ltd (ASX: BBN)
Due to the negative impact of clearance sales from closing competitors, this baby products company expects to deliver flat earnings in FY 2018. I believe this is just a short-term headwind and the lessening of competition will ultimately lead to market share gains for Baby Bunting. So with its shares down sharply and providing a trailing fully franked 4.7% dividend, now could be a great time to snap them up.
Suncorp Group Ltd (ASX: SUN)
Thanks to the early success of its new operating strategy, I believe Suncorp will deliver a solid FY 2018. The operating model has been designed to simplify its business and allow the company to leverage its huge portfolio of brands through cross-selling. So far so good and I expect things to continue to improve over the next 18 months, which could make it worth a look today. Especially as the insurance giant's shares provide a generous trailing fully franked 5.1% dividend.
Telstra Corporation Ltd (ASX: TLS)
Despite a solid rally last week, this telco giant's shares are currently changing hands at under 11x trailing earnings and will provide a fully franked 6% yield over the next 12 months based on its plan to pay a 22 cents per share dividend in FY 2018. While opinion is largely divided on its prospects, I'm a little more optimistic on its future than most and see potential for the company to surprise to the upside.
