If you're in search for dividends then you're in luck. With an average dividend yield of approximately 4%, the Australian share market has a lot to offer.
Three top dividend shares that I would be a buyer of this week are listed below. Here's why I like them:
Accent Group Ltd (ASX: AX1)
One of my favourite options in the retail sector is Accent Group. It is a footwear-focused retail group which owns a number of retail store brands such as Athlete's Foot, HYPE DC, and Platypus. Thanks to its exclusive brands, strong online growth, and popular store brands, it has been a solid performer in recent years despite the tough trading conditions in the retail sector. I'm confident there will be more of the same this year, allowing the Accent board to lift its dividend again. At present its shares offer a trailing fully franked 5.1% dividend yield.
Helloworld Travel Ltd (ASX: HLO)
Helloworld is an integrated travel company which could be a good option for income investors. It recently provided a first quarter update and revealed that it has started the new financial year in a positive fashion. During the first quarter total transaction value lifted 10.4% and EBITDA climbed 7.7%. Pleasingly, management appears confident this can continue over the remainder of FY 2020, which I feel bodes well for its dividend. At present its shares offer a trailing fully franked 4.6% dividend.
Vanguard Australian Shares Index ETF (ASX: VAS)
Another option for income investors to consider this week is the Vanguard Australian Shares Index ETF. This ETF has been designed to mirror the S&P/ASX 300 index. Which means it gives investors exposure to blue chips such as the banks, BHP Group Ltd (ASX: BHP), and Woolworths Group Ltd (ASX: WOW), and smaller companies including Cedar Woods Properties Limited (ASX: CWP) and Super Retail Group Ltd (ASX: SUL). I like the diversity of this ETF, its low fees, and attractive 4.1% dividend yield.
