This month a record $18.9 billion worth of dividends is expected to be paid to Australian investors according to Bell Potter.
Over two-thirds of these payouts will be made this week when the likes of BHP Billiton Limited (ASX: BHP), Commonwealth Bank of Australia (ASX: CBA), and Telstra Corporation Ltd (ASX: TLS) reward their respective shareholders.
If you're a shareholder and plan to reinvest these funds back into the market, here are three shares that I would consider buying:
Aristocrat Leisure Limited (ASX: ALL)
Investors interested in growth shares might want to consider Aristocrat Leisure. I think the leading gaming technology company is one of the best growth shares on the local market and trading at a very attractive price. Thanks to the company's strong core business and growing digital segment, I believe it is positioned perfectly to deliver above-average earnings growth for some time to come. At present the company's shares are changing hands at 26x estimated full year earnings.
Helloworld Travel Ltd (ASX: HLO)
I think that this integrated travel company offers investors a great mix of growth and income. In FY 2018 Helloworld posted an impressive 48.1% increase in full year profit after tax to $32 million and grew its dividend to 18 cents per share. The latter equates to a fully franked yield of 3.2% based on its last close price. Pleasingly, with management expecting earnings growth of up to 23% in FY 2019, I believe this dividend could see another notable increase again this year.
National Storage REIT (ASX: NSR)
If you're interested in turning these funds into even more dividends then I would suggest you take a look at this real estate investment trust with a focus on self-storage assets. A combination of solid demand and acquisitions led to National Storage posting a 12.5% increase in underlying earnings to $51.4 million in FY 2018. This allowed the National Storage board to declare a distribution of 9.6 cents per unit, which equates to a trailing 5.6% distribution yield. I expect more of the same in FY 2019 thanks to its high occupancy levels and acquisition plans.
