If you're in search of dividends then you're in luck, because I believe there are a large number of quality dividend shares trading at attractive prices on the local market.
Three top dividend shares that I would buy right now are listed below:
Rural Funds Group (ASX: RFF)
I think this agriculture-focused real estate property trust could be one of the best income investment options on the Australian share market. Rural Funds owns a total of 49 rural properties across six agricultural sectors and has a long list of high quality tenants. And thanks to its long term tenancy agreements and its use of rental indexations, I believe the company is well-positioned to deliver solid and predictable earnings and distribution growth over the next decade. In FY 2019 Rural Funds intends to increase its distribution to 10.85 cents per unit, which works out to be a yield of 4.9%.
Super Retail Group Ltd (ASX: SUL)
Another great option for investors in search of dividends could be this retail group. At just 11x trailing earnings, I think the shares of the retail group behind brands such as Macpac, Rebel and Super Cheap Auto are trading at a very attractive level and offer a compelling risk/reward. In addition to this, they provide a trailing fully franked 6% dividend yield. And with the company performing strongly in FY 2019, I believe this dividend could grow further this year.
Westpac Banking Corp (ASX: WBC)
If you're looking for exposure to the banking sector then it could be worth looking at Westpac. I think the shares of Australia's oldest bank could be a good option for income investors due to their generous dividend yield and attractive valuation. Right now Westpac's shares offer a trailing fully franked 7.2% dividend yield. Despite the tough trading conditions it faces, I feel the bank is well-positioned to at least maintain this dividend in FY 2019.
