Although the Australian share market is one of the most generous in the world with its average dividend yield of 3.8%, this yield pales in comparison to some on offer in the market.
Here are three dividend shares with huge yields:
National Australia Bank Ltd. (ASX: NAB)
This big four bank has one of the biggest yields on offer in the banking sector at the moment. Its shares provide investors with a trailing fully franked 6.7% dividend. I think this could make it worth a closer look if you don't already have exposure to the banks.
Regis Healthcare Ltd (ASX: REG)
Due to Australia's ageing population I think this aged care provider could be a good option for a buy and hold investment. Although its earnings are forecast to be flat this year, I still expect it to provide a market-beating dividend. At the current share price Regis' shares provide a trailing fully franked 5.8% dividend.
WAM Capital Limited (ASX: WAM)
This listed investment company has increased its dividend each year for the last eight years. Thanks to the strong performance of its funds this year I believe WAM will make it nine years in a row next year. This means its trailing fully franked 6.2% dividend could grow even further
