Although I think that Commonwealth Bank of Australia (ASX: CBA) and the rest of the big four are trading at attractive levels even after their strong share price gains this year, not all investors feel the same way.
So, if you're on the lookout for quality dividend options outside the banks, the three shares listed below could be the ones to buy. Here's why:
Dicker Data Ltd (ASX: DDR)
Dicker Data is a leading distributor of information technology products across Australia and New Zealand. Although its shares have been on an incredible run over the last 12 months, they still offer a forward fully franked 4.1% dividend yield. And thanks to its positive outlook and the recent launch of the Dicker Data Financial Services business, I believe this dividend could grow at a good rate over the next decade. Another bonus is that the company pays its dividends in quarterly instalments, which I feel makes it ideal for income investors in search of a regular source of income.
National Storage REIT (ASX: NSR)
National Storage is one of the largest self-storage providers in the ANZ market with a network of 146 centres. Thanks to a combination of acquisitions and its 80.1% portfolio occupancy rate, the company posted a 22% increase in operating profit during the first half of FY 2019. Pleasingly, with demand remaining robust and the company intending to continue executing its strong pipeline of acquisition opportunities in a highly fragmented market, I believe it is well-placed for further growth in the second half and FY 2020. Overall, I expect this to lead to solid income and distribution growth over the coming years. At present its shares offer a trailing 5.1% distribution yield.
Super Retail Group Ltd (ASX: SUL)
Another alternative to CBA could be this retailer's shares. Although they have charged notably higher in 2019, they still trade at a lowly 12x earnings and offer a generous 5.3% dividend yield. I think this is cheap given the company's strong performance in the first half and positive outlook for the remainder of the financial year. Furthermore, with tax cuts expected to boost consumer spending and confidence, FY 2020 could be an equally positive year for the retail group behind brands including Macpac, Rebel, and Supercheap Auto.
