Fortunately in this low interest rate environment, there are plenty of quality dividend shares trading on the Australian share market.
Three which I would buy today are listed below. Here's why I think they are top options for income investors:
Accent Group Ltd (ASX: AX1)
Accent is the company behind retail store brands such as Athlete's Foot, HYPE DC, and Platypus. It was a positive performer in FY 2020 despite the pandemic and posted a 7.5% increase in net profit after tax to $58 million. I'm confident there will be more of the same over the coming years thanks to its expansion plans, strong online business, and its on trend offering. In FY 2021, I expect the company to pay a 9 cents per share fully franked dividend. Based on the current Accent share price, this equates to a 5.7% dividend yield.
Dicker Data Ltd (ASX: DDR)
Dicker Data is a wholesale distributor of computer hardware, software, and cloud solutions to a partner base of over 5,500 resellers. It distributes a wide portfolio of products from the world's leading technology vendors. This includes Cisco, Citrix, Dell, HP, Lenovo, Microsoft, and other Tier 1 global brands. Demand for this offering has been strong in recent years, underpinning solid earnings and dividend growth. This has continued in FY 2020 and put the company in a position to increase its dividend materially. Based on the current Dicker Data share price, it offers a forward fully franked 4.6% yield.
National Storage REIT (ASX: NSR)
National Storage is a leading self storage operator and could be a great option for income investors. Although the company is expecting its earnings to be flat at best in FY 2021, I still expect it to provide investors with a generous yield. After which, I'm optimistic a combination of organic growth and its growth through acquisition strategy will support solid earnings and distribution growth in the years that follow. Based on the current National Storage share price, I estimate that it offers a forward 4.2% distribution yield.
