Here are 2 top ASX fully franked dividend shares to buy now

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Unlike term deposits, dividend shares offer investors the opportunity to generate a decent level of income, plus the very real potential of capital appreciation.

Dividend shares are particularly popular amongst retirees, especially those with their own SMSF.

Even better, companies paying fully franked dividends offer investors a generous tax break, often leading to a tax refund.

Both these two ASX companies are members of the All Ordinaries index. Not only do they pay fully franked dividends, their dividends are growing.

Nick Scali Limited (ASX:NCK) has cultivated a desirable brand and has benefited from the housing boom which has coincided with the roll-out of its store network.

In February the furniture retailer reported first half sales increased by 8 per cent, with profits jumping 15 per cent higher to $23.5 million.

The company is expecting profits for the full year to June 2018 to be 5 to 10 per cent higher than the previous corresponding period, with FY19 expected to benefit from the substantial increase in the store network being established during FY18.

Nick Scali declared a fully franked interim dividend of 16 cents per share, a 14 per cent increase on the previous year.

With the Nick Scali share price trading at $6.91, the shares trade on a trailing fully franked dividend yield of 5.2 per cent, or 7.4 per cent grossed up for franking credits.

Dicker Data Ltd (ASX:DDR) is a computer software and hardware wholesale distributor.

In April the company reported first quarter revenue jumped 14 per cent higher, with profit before tax soaring almost 23 per cent higher to $9.2 million. Dicker Data reiterated full year pre-tax profit guidance of $42.5m for FY18.

Dicker Data pays quarterly dividends, and in March said its proposed total fully franked dividend to be paid in FY18 is 18 cents per share, an increase of 9.8 per cent from FY17.

With the Dicker Data share price trading at $3.01, the shares trade on a FY18 fully franked dividend yield of 6.0 per cent, or 8.5 per cent grossed up for franking credits. 

Here’s how you can strike it rich in the share market…

The best way to strike it rich in the share market is to buy shares that are not only cheap, but growing quickly.

Combining countless hours of research with over 30 years of hands-on stock market investing experience, The Capital Club’s founder Bruce Jackson has just published his definitive list of 3 Cheap and Good ASX Stocks for 2018.

Best of all, the report is absolutely free, exclusively for readers of The Capital Club.

In this comprehensive free report, you’ll find the name of one ASX gold stock that’s not only profitable, but trading at less than 4 times forecast profits.

You’ll also discover the name of a company one fund manager has called the cheapest stock in the ASX 100, and you’ll read about the three catalysts that could push the share price higher in the next six months.

Finally, the report names one of the cheapest retailers trading on the ASX, a company that just picked up the assets of a distressed competitor on the cheap, paying just 2 times earnings. No wonder one top fund manager thinks its share price could at least double.

With the share prices of each of these 3 companies having the potential to double or more, you’ll want to act now. Simply click here or the button below, enter your email address, and this free report will be instantly sent to you.

See the 3 stocks

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.
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Bruce Jackson has 30 years of hands on investing experience. He is passionate about stock market investing, running his own portfolio and SMSF. His focus is on small cap growth stocks. You can contact Bruce at brucej@thecapitalclub.com.au