Luckily for income investors in this low interest environment, the Australian share market is home to a large number of quality dividend shares offering generous yields.
Three which I think are worth considering this week are listed below. Here's why I like them:
Aventus Group (ASX: AVN)
Aventus is an owner, manager, and developer of retail parks in Australia. Across its 20 sites the company counts many of the biggest retailers in the country as tenants such as JB Hi-Fi Limited (ASX: JBH) and Officeworks. Despite tough trading conditions in the retail sector, demand for its leases has remained incredibly strong. So much so, in the first half the company advised that 98.5% of its portfolio was occupied. I believe the combination of this solid demand and periodic rental increases has positioned the company well to grow its dividend each year for the foreseeable future. At present its units offer a trailing 6.9% distribution yield.
Rural Funds Group (ASX: RFF)
Another top dividend share to consider buying this week is this agriculture-focused property group. I think it is one of the best options on the local market due to the quality of its assets and its ultra-long tenancy agreements. In respect to the latter, at the last count the company's weighted average lease expiry (WALE) was 11 years. This is a big positive as it is expected to provide stable income and long term rental growth via a mix of rent reviews and indexation. This year the company intends to pay a distribution of 10.43 cents per share, which equates to a yield of 4.4%.
Transurban Group (ASX: TCL)
A final dividend share to consider buying is this toll road operator. I'm a big fan of Transurban and believe it is well-placed for growth thanks to the increasing number of vehicles using its roads and periodic toll increases. In addition to this, I expect the recent Westconnex acquisition to be a key driver of growth over the coming years. At present Transurban's shares offer a trailing distribution yield of 3.9%.
