Luckily for savers in this low interest rate environment, there are a large number of quality dividend options on the Australian share market that smash savings accounts and term deposits.
Three that I think are worth considering right now are listed below. Here's why I like them:
Dicker Data Ltd (ASX: DDR)
Dicker Data is a founder-led computer software and hardware wholesale distributor which I think is one of the best dividend options on the Australian share market. Over the past 15 years the company has achieved consistent top and bottom line growth whilst carving out a leading position in a growing market. It looks set to continue its solid growth again this year, allowing the board to forecast an 18 cents per share full year dividend. This works out to be a fully franked 6.2% yield based on its last close price.
National Storage REIT (ASX: NSR)
National Storage is one of the largest self-storage providers in the Australia and New Zealand market. It intends to expand its network further this year after undertaking a $175 million equity raising in August to fund future acquisitions. I expect this to underpin its medium term earnings and distribution growth, potentially making it a great option for income investors. At present the company's units provide a trailing 5.5% distribution yield.
WAM Capital Limited (ASX: WAM)
WAM Capital is one of my favourite listed investment companies on the Australian share market. It is focused on investing in undervalued growth shares and has had a lot of success with the strategy. This has allowed the WAM board to increase its dividend for nine years in a row. I expect the company to make it a decade of increases in FY 2019, which would mean its generous trailing fully franked 6.6% yield could widen even further.
