If you're looking to generate an income in this low interest rate environment, then I think the share market is a great place to do it.
This is because there are a large number of shares on the Australian share market that offer very attractive dividend yields.
Three top dividend shares that I think income investors should consider buying are listed below:
Helloworld Travel Ltd (ASX: HLO)
Helloworld is the integrated travel company behind a large and diverse number of brands. This includes brands in the online, wholesale, corporate travel, and retail markets. It has been a strong performer in recent years and has carried this form over to FY 2020. In the first quarter it delivered a 7.7% increase in EBITDA. I believe this puts it in a great position to deliver further solid profit and dividend growth over the full year. 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 buying is Stockland. 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 means it is on course to deliver on its distribution guidance of 27.6 cents per security for FY 2020. Based on this guidance, its shares currently provide investors with a forward 5.5% distribution yield.
Sydney Airport Holdings Pty Ltd (ASX: SYD)
A final income option to consider buying is this airport operator. I'm a big fan of Sydney Airport due to its position as the main gateway into Australia, increasing international tourism, improving domestic tourism, and its growing ancillary revenues. Combined, I believe these leave the company well-positioned to continue growing its dividend at a solid rate over the next decade. Last year Sydney Airport paid a 39 cents per share dividend, which equates to a 4.3% dividend yield.
