As one of the most generous share markets in the world, there certainly is a lot of choice on the ASX when it comes to dividend shares.
Three of my favourites are listed below. Here's why I think they are amongst the best options on the market at this point in time:
Dicker Data Ltd (ASX: DDR)
This wholesale distributor of computer hardware and software has been one of my favourite dividend shares on the local market for some time now. The founder-led company has a strong track record of dividend increases and plans to pay out a fully franked 16.4 cents in quarterly instalments to shareholders in the current financial year. This works out to being a generous annual yield of 5.4%. Pleasingly, I believe demand from the cloud computing market will lead to solid earnings growth, allowing further increases over the next 12 months.
Super Retail Group Ltd (ASX: SUL)
Amazon may have arrived but Super Retail is ready for it. Due to the hard work management undertook to prepare for Amazon's launch, I am confident the retailer behind brands such as Super Cheap Auto and Rebel Sport is positioned to continue its growth in FY 2018 and beyond. Which could arguably make it a great option for income investors. Especially considering that at the current share price the retailer's shares provide a solid trailing fully franked 5.5% dividend.
Telstra Corporation Ltd (ASX: TLS)
Last year the telco giant did the unthinkable and cut its dividend down to 22 cents per share. While this was a big disappointment and understandably has led to a sell-off of its shares, I believe its shares have bottomed out now. I think that this could make it an opportune time to snap up shares and its proposed fully franked 5.9% dividend.
