Fortunately, in this low interest rate environment, the Australian share market is home to a large number of quality dividend shares.
Three that I think would be great option for investors right now are listed below. Here's why I like them:
Stockland Corporation Ltd (ASX: SGP)
Stockland is a diversified property company that both develops properties and manages them. It has a focus on retirement villages, housing estates, industrial estates, and shopping centres. Although the company had a soft first half to FY 2020, management is confident that its earnings will be skewed to the second half. In light of this, the Stockland board declared an interim distribution of 13.5 cents per share and reaffirmed its plan to pay a 27.6 cents per share full year distribution. This is the equivalent of a 5.3% yield.
Sydney Airport Holdings Pty Ltd (ASX: SYD)
Another dividend share to consider is Sydney Airport. As the main gateway into Australia, I believe the airport operator is well-placed for growth over the next decade as international tourism grows. And while the coronavirus outbreak is likely to weigh on its performance in the short term, I'm optimistic the company can weather the storm thanks to domestic travel and its growing ancillary revenues. Its shares currently offer investors an estimated forward 4.7% dividend yield. Though, it might be best to wait for the release of its results this week before investing.
Transurban Group (ASX: TCL)
Although the Transurban share price has just climbed to an all-time high, I still believe it would be a good option for income investors. The toll road operator's shares raced higher this month after it delivered a strong half year update. Thanks to a combination of toll price increases and growing average daily traffic, Transurban delivered an 8.6% increase in proportional toll revenue to $1,396 million. This allowed the company to reaffirm its plan to pay a FY 2020 distribution of 62 cents per share. This equates to a yield of approximately 3.9%.
