The Australian share market is home to a large number of quality of options for income investors.
Which certainly is good news given the low interest rate environment that we are living in.
Three top options that I would consider buying this week are listed below. Here's why I like them:
Helloworld Travel Ltd (ASX: HLO)
One option I think income investors ought to consider is Helloworld. I believe the integrated travel company is a good option due to its solid growth prospects and generous dividend yield. It has been growing at a solid rate in recent years and has started the new financial year in a positive fashion. Helloworld recently reported first quarter EBITDA growth of 7.7%. I believe this puts it in a strong position to deliver further profit and dividend growth in FY 2020. At present its shares offer a trailing fully franked 4.1% dividend yield.
Stockland Corporation Ltd (ASX: SGP)
Another option for income investors to consider is Stockland. It is a property group which owns, manages and develops a wide range of assets such as retail centres and residential properties. After a strong FY 2019, it looks well placed to generate further growth in income and distributions in the new financial year following a positive start. In light of this, I estimate that its shares offer a generous forward 5.7% distribution yield.
Westpac Banking Corp (ASX: WBC)
The banking sector has come under significant pressure in recent weeks due to a series of negative events. Westpac's shares in particular have been hit hard due to the AUSTRAC scandal. While this was very disappointing, I believe that the worst case scenarios have now been priced into its shares. This could make it worth considering a small investment in the banking giant's shares for income investors. Based on its recent final dividend, its shares offer an annualised fully franked 6.5% dividend yield.
