With such a large number of quality dividend shares on offer on the local market, it can be hard to decide which ones to buy.
To help narrow things down for you, I've picked out three dividend shares which I think are amongst the best on the market right now. They are as follows:
Australia and New Zealand Banking Group (ASX: ANZ)
I think all the big four banks are trading at attractive prices currently, but my favourite of the bunch is ANZ. This is due to its current valuation and my belief that it is well-positioned to achieve profit growth over the coming years thanks to its exposure to commercial lending and its cost cutting opportunities. In addition to this, its strong CET1 ratio gives it the flexibility to look at further capital returns. But for now, its shares provide investors with a generous trailing fully franked 6.1% yield.
Rural Funds Group (ASX: RFF)
Rural Funds is an agriculture-focused real estate property trust which owns a total of 49 rural properties across six agricultural sectors. These properties are tenanted by high quality companies on long term leases. And thanks to its use of rental indexation, I believe the company is well-positioned to deliver solid and predictable earnings and distribution growth over the next decade. Rural Funds intends to increase its distribution to 10.85 cents per unit in FY 2019, which works out to be a yield of 4.9%.
Super Retail Group Ltd (ASX: SUL)
Super Retail is the retail group behind the likes of Rebel and Super Cheap Auto. Although the retail sector is struggling at the moment, this hasn't been the case at Super Retail. The company delivered a strong first half result and advised of solid like for like sales growth early on in the second half. I believe this has positioned the company well to grow its full year earnings and dividend at a solid rate. At present its shares offer a trailing fully franked 5.9% dividend.
