By now, everyone would be aware of the lack of things you can do with your money to earn a real return on your capital. With interest rates at record lows, and property prices approaching record highs (again), it has become a difficult environment to invest in with certainty.
But I still think that ASX dividend-paying shares are the best way to seek yield in this current environment. Here are 3 ASX dividend shares that investors hungry for yield should consider for their portfolios
Transurban Group (ASX: TCL)
Transurban is a company that owns and operates toll-roads (which everyone living in Sydney or Melbourne would be well familiar with). It's for this reason I think Transurban makes a fantastic dividend share to consider – toll-roads are a very defensive asset that millions of drivers a year are forced to use.
Transurban pays a (fairly rock-solid) 3.97% dividend on current prices, which is why I think income investors should consider this stock today.
APA Group (ASX: APA)
APA owns the largest natural gas pipeline network in the country, which covers almost the entirety of the Australian east coast. Again, I can't envisage any economic situation where APA's network would not be in full use – most of us either use gas for cooking, heating or hot water, after all.
For this reason, I think APA's current dividend of 4.17% is another solid bet for anyone seeking reliable share market income today.
Sydney Airport Holdings Pty Ltd (ASX: SYD)
I was recently at Sydney Airport myself and was (painfully) reminded of the earnings power of this business when I rented a car spot for an hour (and paid through the nose to do so).
Having a vital piece of Australian infrastructure is one of the reasons why I think Sydney Airport is a fantastic defensive asset to have in your portfolio. Almost anyone who wants to visit NSW from overseas has to come through Sydney Airport's gates, giving it a virtual monopoly on NSW's airways. Investors will also find a lot to like with SYD's current 4.38% dividend, which I also consider fairly safe considering the characteristics of this business.
Foolish takeaway
I think these 3 ASX dividend shares offer some of the safest yields in today's market. All of these businesses have highly defensive traits that I think make them well positioned to ride out any kind of economic storm – which will help you sleep a little better at night!
