With the market currently experiencing high levels of volatility I thought I would pick out three low risk dividend shares that I think could be great options right now.
The three that I think investors ought to consider are listed below:
Dicker Data Ltd (ASX: DDR)
Dicker Data is a leading computer software and hardware wholesale distributor in Australia and New Zealand. It has been one of my favourite dividend shares on the ASX for some time now thanks to its reasonable valuation, generous dividend, and strong business model. This year the Dicker Data board intends to grow its dividend to 18 cents per share. Considering the strong start that it has to the year, I wouldn't be surprised if it grew its dividend even more. But based on its current plans, this equates to a fully franked dividend yield of over 6%.
National Storage REIT (ASX: NSR)
National Storage REIT is a real estate investment trust with a focus on self-storage assets. It certainly isn't an exciting company, but it is one I feel you can confidently put in the bottom drawer and collect its generous distributions each year. Furthermore, with demand for its services growing and the company having significant resources for acquisitions, I feel it is well-positioned to continuing growing its distribution over the next few years. At present its shares offer a trailing 5.9% distribution yield.
Rural Funds Group (ASX: RFF)
Rural Funds is a real estate investment trust which owns a diverse asset portfolio comprising 44 properties across six different agricultural sectors. These include areas such as cattle, wine, and cotton production. Thanks to its long tenancy agreements and rental indexation, I expect Rural Funds to continue growing its distribution for many years to come. This year management plans to pay a distribution of 10.43 cents per unit, which works out to be a forward yield of 4.8%.
