If you're looking for a way to beat low interest rates, then I think dividend shares are the way to go.
Three high quality ASX dividend shares that offer very generous yields are listed below. Here's why they could be worth considering:
National Australia Bank Ltd (ASX: NAB)
I think a recent pullback in NAB's share price has created a buying opportunity for income investors. Not only are its shares trading on below average multiples, they also offer one of the biggest yields on the local market. Another positive is the recent improvements in the housing market, which could support mortgage loan demand in 2020. Based on its current share price, its shares offer a trailing fully franked 6.5% dividend yield.
Stockland Corporation Ltd (ASX: SGP)
I think Stockland could be a great option for income investors. It is a diversified property company which owns, manages and develops a diverse range of property assets. It recently revealed an estimated distribution for the six months to December 31 of 13.5 cents per security. This puts the company on course to deliver on its distribution guidance of 27.6 cents per security for FY 2020. Based on this, its shares currently provide investors with a forward 5.8% distribution yield.
Transurban Group (ASX: TCL)
A final dividend share to consider buying is this leading toll road operator. Transurban owns a number of key roads across Australia and North America. With congestion on arterial roads getting worse each year, it's no surprise to learn that the company's toll roads continue to experience growing traffic numbers. Combined with periodic toll increases, this is leading to solid income and distribution growth. In FY 2020 Transurban plans to lift its distribution to 62 cents per security, which works out to be a forward ~4% distribution yield.
