Luckily for income investors in this low interest rate environment, there are a large number of shares on the Australian share market that offer generous dividend yields.
Three top dividend shares that I would buy today are listed below. Here's why I think they are great options for income investors:
Helloworld Travel Ltd (ASX: HLO)
One top option for income investors to consider is Helloworld. It is a growing integrated travel company behind a large and diverse number of brands across several areas of the travel market. This includes online, corporate, and wholesale channels. Helloworld appears well-positioned to grow its earnings and dividend again this year after a strong first quarter. At present its shares offer a trailing fully franked 4.1% dividend yield.
National Australia Bank Ltd (ASX: NAB)
Although the banking sector has been a tough place to invest in recent months, it appears as though investor sentiment is now improving. Since the start of the year the NAB share price is up over 4%. Despite this, I still believe its shares are undervalued and would be a great option for income investors. I thought it was the strongest performer of the big four banks in FY 2019 and feel this positive form can continue over the medium term. Especially considering the improving housing market and its overweight exposure to SME lending. Its shares currently offer investors a trailing fully franked 6.3% dividend yield.
Vanguard Australian Shares High Yield ETF (ASX: VHY)
If you'd like to invest in a large number of shares but don't have the funds to do this, then this ETF could be worth considering. As its name implies, the Vanguard Australian Shares High Yield ETF provides investors with exposure to many of the highest paying dividend shares on the Australian share market. This includes the likes of NAB and the rest of the big four, mining giant BHP Group Ltd (ASX: BHP), and telco company Telstra Corporation Ltd (ASX: TLS). It currently offers a dividend yield of ~5.2%.
