The low interest rate environment we are living in is making it increasingly difficult for some investors to find a sufficient source of income.
Luckily, the Australian share market has a number of great dividend options to solve your income needs.
Three growing dividend shares which I think income investors should take a close look at today are as follows:
Helloworld Travel Ltd (ASX: HLO)
Helloworld is an integrated travel company which owns a large and diverse number of travel brands. These include brands in categories such as online, wholesale, corporate travel, and retail. Although conditions in the industry have been far from ideal, it hasn't stopped Helloworld from delivering solid growth so far in FY 2020. In the first quarter the company posted a 7.7% increase in EBITDA. I believe this puts it in a good 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.
Premier Investments Limited (ASX: PMV)
The retail sector as a whole may be having a tough time, but Premier Investments certainly isn't. Thanks to its collection of high quality and in-demand brands, it has continued to grow strongly in recent years. For example, in FY 2019 the Premier Retail business delivered total global sales of $1.27 billion and underlying EBIT of $167.3 million. This was a 7.5% and 11.5% increase, respectively, over the prior corresponding period. Pleasingly, it looks to have started FY 2020 strongly and appears well-placed for further earnings and dividend growth. At present its shares provide a fully franked 3.5% dividend yield.
Sonic Healthcare Limited (ASX: SHL)
Sonic Healthcare is an international medical diagnostics company. It offers laboratory medicine/pathology and radiology services to the medical community. I'm a fan of the company due to its defensive earnings and solid growth prospects. In addition to this, it has a strong balance sheet which has the capacity to fund earnings accretive acquisitions. At present its shares offer an estimated forward partially franked 3% yield. Whilst this isn't the biggest yield on the market, I believe it can grow strongly over the next decade.
