Australian income investors certainly are a lucky bunch with such a wide selection of quality dividend shares to choose from on the Australian share market.
Three that I think are worth considering right now are listed below:
Aventus Retail Property Fund (ASX: AVN)
Earlier this month this specialist fund and asset manager of large format retail centres delivered a solid full-year result which saw funds from operations rise 2.3% to $89 million or 18.1 cents per unit. This was driven by high occupancy levels, with 98.7% of its portfolio occupied at the end of the period. The solid performance allowed the Aventus board to increase its distribution to 16.3 cents per unit, up 2.4% on the prior corresponding period. Which means that its shares now offer investors an incredibly generous distribution yield of 7.4%.
Rural Funds Group (ASX: RFF)
This morning this real estate property trust released its full-year results and posted a 26% increase in total adjusted funds from operations to $32.3 million. While this growth wasn't as strong on a per unit basis due to the issue of a significant number of new units, the board was still able to increase its distribution by a solid 4% to 10.03 cents. Pleasingly, with management confident in its prospects for the year ahead, it has provided distribution guidance of 10.43 cents per unit in FY 2019. This equates to a yield of 5.1% based on the last close price.
Westpac Banking Corp (ASX: WBC)
This month several of Westpac's banking rivals have released updates that were either in line with or better than the market's expectations. I feel this is a sign that the banks are still a good option for income investors despite the Royal Commission and cooling housing market. Westpac remains my pick of the big four due to the fact its shares are trading on lower than normal multiples and offer a generous trailing fully franked 6.4% dividend.
