Here's where I would reinvest my dividends

A large number of shares paid out their interim dividends to shareholders this week. Here's why I would invest these funds into shares like Appen Ltd (ASX:APX)…

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This week there has been billions of dollars paid to shareholders of many of Australia's leading companies in the form of interim dividends.

These includes the likes of Blackmores Limited (ASX: BKL), Estia Health Ltd (ASX: EHE), Greencross Limited (ASX: GXL), G8 Education Ltd (ASX: GEM), and Iress Ltd (ASX: IRE) to name just five.

While some of these dividends may be used in DRP schemes or as income for retirees, I'm sure a good portion will find its way back into the market through new investments.

Here are four shares I would consider investing the money into:

Altium Limited (ASX: ALU)

I think that Altium could be a big winner from the rise of the Internet of Things market. As connected devices almost always have a printed circuit board (PCB) inside them, I believe Altium's award-winning PCB design software will continue to experience strong demand for licenses.

Appen Ltd (ASX: APX)

Another tech share that is experiencing favourable tailwinds right now is Appen. Due largely to strong demand from the search and social media markets, Appen recently reported a massive 62% year-on-year lift in EBITDA in FY 2017. Incredibly, this growth is expected to accelerate in FY 2018.

Bingo Industries Ltd (ASX: BIN)

While Bingo Industries is as far away from a tech share as you could get, the waste management company has been delivering profit growth as though it was one. Bingo recently reported an impressive 37% increase in pro forma half-year net profit after tax. Whilst this growth is likely to moderate in the future, I believe its plan to expand nationwide by 2022 will support its growth.

Nextdc Ltd (ASX: NXT)

Demand for this data centre operator's services has been growing strongly over the last few years, leading to high utilisation levels and ultimately increasing profits. As its centres are amongst the best in the world and located in key locations throughout Australia, I believe NEXTDC is in a position to deliver bumper earnings growth in the long-term.

Motley Fool contributor James Mickleboro owns shares of NEXTDC Limited. The Motley Fool Australia owns shares of and has recommended Blackmores Limited and Greencross Limited. The Motley Fool Australia owns shares of Altium and Appen Ltd. The Motley Fool Australia has recommended G8 Education Limited and IRESS Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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