ANZ and these ASX dividend shares can help you beat low interest rates

With interest rates at rock bottom levels and poised to go even lower in the near future, it is becoming impossible for income investors to generate a sufficient source of income from assets like savings accounts and term deposits.

In light of this, I think now could be a very good time to look at dividend shares.

Three top dividend shares I would buy this week are listed below:

Australia and New Zealand Banking Group (ASX: ANZ)

If you don’t already have meaningful exposure to the banking sector, then I think ANZ could be worth considering. I would choose it ahead of other banks due its attractive valuation and generous trailing fully franked 5.9% dividend yield. In addition to this, I’m a fan of the bank due to its strong capital position. Even after this week’s customer remediation I estimate that its CET1 ratio currently stands at ~11.5%. This is significantly higher than APRA’s unquestionably strong 10.5% CET1 ratio benchmark.

Aventus Group (ASX: AVN)

Aventus is a leading owner and operator of large format retail parks across Australia. Thanks to the popularity of the format with consumers, its high occupancy rates, and periodic rental increases, I believe Aventus is in a good position to continue growing its distribution over the coming years. Based on this, I estimate that its shares currently offer a forward 6.3% distribution yield.

National Storage REIT (ASX: NSR)

Finally, a third dividend share to consider buying is National Storage. It is a self-storage-focused real estate investment trust which owns a network of 168 centres throughout the ANZ region. I believe it is capable of further solid growth over the coming years thanks to its development pipeline and growth through acquisition strategy. At present its shares provide a 5.3% trailing distribution yield.

But if you’re not keen on the banks then check out these highly rated non-bank dividend shares.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended AVENTUS RE UNIT and National Storage REIT. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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