Thankfully in this low interest rate environment, there are a lot of quality options on the Australian share market for income investors.
Three top dividend shares that I would consider buying this week are listed below. Here's why I like them:
National Storage REIT (ASX: NSR)
I think that the shares of National Storage REIT could be worth considering this week. As its name implies, National Storage REIT is a real estate investment trust focused on self-storage assets across the country. Due to growing demand for self-storage services from downsizing and population growth and its sizeable acquisition plans, I believe the company is well-positioned to continue increasing its earnings and distribution over the coming years. At present its shares offer a trailing 5.8% distribution yield.
Rio Tinto Limited (ASX: RIO)
Investors that are looking for exposure to the resources sector might want to consider Rio Tinto. Last month the mining giant advised that it will return approximately $3.2 billion of post-tax coal disposal proceeds to its shareholders via share buybacks. I believe this, its high quality operations, and favourable commodity prices will lead to solid earnings and dividend growth in FY 2019. At present Rio Tinto's shares offer a trailing fully franked 5% dividend.
WAM Capital Limited (ASX: WAM)
WAM capital is a leading listed investment company which I believe is one of the best options on the local market for income investors. WAM Capital's strategy focuses on finding and investing in growth companies which it feels are undervalued. The strategy has proven very successful over the medium term and has allowed the company to increase its dividend for nine consecutive years. Pleasingly, judging by the performances of its funds this year, the company look likely to make it a decade of dividend increases in FY 2019. WAM Capital's shares currently offer income investors a trailing fully franked 6.2% dividend.
