Screening the market for investment ideas is a common way to identify potential portfolio candidates. A screening process can also keep some of the emotion out of investing by keeping one focussed on quantitative, or financial metrics.

Recently I conducted a screen of the Top 100 Industrial companies listed on the ASX in a search for appealing income stocks that weren’t the ‘usual suspects’, namely the banks or Telstra Corporation Ltd (ASX: TLS).

Amongst the criteria I imposed on the screen was a growing stream of past dividends paid, a consensus forecast for future dividend growth and a history of full franking to dividends. (source: CommSec)

Here are three stocks which met my criteria and could be worthy of further analysis.

  1. ASX Ltd (ASX: ASX)Dividends totalling 200 cents per share are forecast to be paid in financial year (FY) 2017. With the stock trading at $45.28, the forecast dividend yield is an attractive 4.4%.
  2. IOOF Holdings Limited (ASX: IFL) – Dividends totalling 55 cents per share are forecast to be paid in FY 2017. With the stock trading at $8.31, the forecast dividend yield is an attractive 6.6%.
  3. Tatts Group Limited (ASX: TTS)Dividends totalling 18 cents per share are forecast to be paid in FY 2017. With the stock trading at $3.93, the forecast dividend yield is an attractive 4.6%.

Forget companies cutting dividends like BHP and Rio Tinto when you can get GROWING dividends.

This "dirt cheap" company is growing like gangbusters, and trading on a fat dividend yield, FULLY FRANKED. With interest rates set to stay at these low levels for years to come, for income-hungry investors, including SMSFs, this ASX company could be the "Holy Grail" of dividend plays for 2016. Click here to gain access to this comprehensive FREE investment report, including the name of this fast growing ASX dividend share. No credit card required.

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Motley Fool contributor Tim McArthur has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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 Bruce Jackson.