3 top dividend shares to buy in June


With an average dividend yield of approximately 4%, the Australian share market is one of the most generous in the world. Considering the low interest rate environment that we are living in, that certainly is a blessing.

But with so many dividend shares to choose from, it can be hard to decide which ones to buy.

To narrow things down I have picked out three of my favourites to consider. They are as follows:

Collection House Limited (ASX: CLH)

I think Collection House could be a good option for income investors due to its above-average yield and solid growth prospects. After a tricky couple of years, this receivable management company has come back with a bang this year and looks a lot stronger. Improvements in collection efficiencies, technology adoption, and data analysis appear to have led to Collection House generating higher returns on its investments. I think this could put it in a position to grow earnings and its dividend at a strong rate over the coming years. Based on the last close price, its shares offer a trailing fully franked 4.7% dividend.

National Australia Bank Ltd (ASX: NAB)

The ongoing Royal Commission has weighed heavily on investor sentiment lately and dragged bank shares close to multi-year lows. While I don’t expect a sudden turnaround in their performances, I remain confident that in the medium term they will move higher once again as the negative news flow eases. This could make it an opportune time to snap up shares in National Australia Bank and take advantage of its trailing fully franked 7.4% dividend.

National Storage REIT (ASX: NSR)

Investors looking for a high yield dividend with the potential to grow at a steady rate over the medium term might want to consider this storage giant. This year the company aims to pay a distribution of approximately 9.8 cents per share, which works out to be a yield of just under 6.2%. I believe its pipeline of new developments and redevelopments, combined with population growth and downsizing by baby boomers, should position National Storage perfectly for long-term growth. 

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Contributors to this article may own shares in some of the companies mentioned in this article. The Capital Club has a thorough disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
James Mickleboro
James Mickleboro studied economics in the United Kingdom before coming to Australia and landing a job at a fund manager. He is part of the CFA Institute's Chartered Financial Analyst program. He loves researching and writing about Australian equities.