With the market sinking lower once again on Friday following heavy declines in the U.S. overnight, a number of shares just got a whole lot cheaper.
Three dividend shares which I think are especially attractive after recent declines are listed below. Here's why I think they are worth snapping up today:
Accent Group Ltd (ASX: AX1)
Accent Group, previously known as RCG Corporation, is down 4% today. This stretches the footwear retailer's 12-month decline to approximately 36% and is the result of weak retail conditions and concerns over Amazon's arrival in Australia. Although I do think Amazon could be a threat in the future, I believe the strength of its licensed brands should offer it some protection from the ecommerce giant. At present Accent's shares provide a trailing fully franked 7% dividend. Though, it is worth noting that its half-year results will be released in the near future. It may be prudent to wait for them before hitting the buy button.
National Australia Bank Ltd (ASX: NAB)
Yesterday the banking giant released its quarterly update which revealed that December's quarterly cash earnings improved 3% over the prior corresponding period to $1.65 billion following a 1% increase in quarterly revenue. With its shares now trading just a fraction above their 52-week low, I think it could be an opportune time to snap up the bank's shares. National Australia Bank's shares currently provide a trailing fully franked 6.9% dividend.
Telstra Corporation Ltd (ASX: TLS)
This telco giant's shares haven't been able to escape today's market meltdown and have fallen almost 2% to $3.50. With Telstra planning to pay a 22 cents per share dividend in FY 2018, this means its shares provide investors with a forward fully franked 6.3% yield. I think this is a great option for income investors, especially with one leading broker tipping its dividend to increase in FY 2019. I would suggest investors snap up its shares ahead of its telco rivals.
