If you're looking for ways to beat low interest rates, then I think the share market is the answer.
This is because there are a large number of quality companies on the ASX sharing their profits with investors in the form of dividends.
Three ASX dividend shares I would buy next week are listed below. Here's why I would invest in them:
BWP Trust (ASX: BWP)
The first dividend share to look at is BWP Trust. It is a real estate investment trust which has close ties with Wesfarmers Ltd (ASX: WES). As well as having the majority of its warehouses leased to Wesfarmers' Bunnings Warehouse business, the conglomerate is a major BWP shareholder. I see this is a positive and feel it means Wesfarmers is unlikely to do anything that would have a negative impact on BWP's performance and ultimately its investment. All in all, I believe it leaves the company well-placed to deliver consistent rental income and distribution growth for many years to come. Based on the current BWP share price, I estimate that it offers investors a forward 4.6% yield.
Fortescue Metals Group Limited (ASX: FMG)
Another dividend share to consider buying is Fortescue Metals. If you're not averse to investing in the resources sector, then I think it could be a top option for income investors. This is due to the sky high iron ore price and the strong free cash flow it is underpinning. Given the strength of its balance sheet and its favourable dividend policy, I expect the majority of this cash to be returned to shareholders through dividends. Based on the current Fortescue share price, I estimate that it offers a forward fully franked dividend of at least ~6%.
Lendlease Group (ASX: LLC)
A final ASX dividend share to consider buying is Lendlease. I think the international property and infrastructure company could be a great option for investors. With the worst now behind the company and management recently announcing a new strategy, I believe it is well-positioned for growth over the 2020s. Especially given its burgeoning global development pipeline, which includes a huge project with Google. Currently, I estimate that the company will pay a 33 cents per share dividend in FY 2021 before increasing it to 50 cents per share in FY 2022. Based on the current Lendlease share price, this equates to 2.7% and 4.1% dividend yields, respectively.
