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Attention: 3 high-yielding growth plays to buy today

If you’re looking for some stock ideas today which offer solid growth prospects, bumper dividend yields an unbelievably attractive premiums, look no further than these three players:

Collection House Limited (ASX: CLH): Current Price – $1.72; yield – 4.3%, fully franked

The receivables management group is set to benefit from a number of factors. First and foremost, more and more companies are outsourcing their debt collection tasks to specialist groups like Collection House, recognising that they stand a greater chance at recovering any monies owed. While interest rates will inevitably rise, bad debts will follow which will give Collection House greater room to grow. It is led by a strong management group who led it to a 23% increase in net profit after tax in 2013 while 2014 is shaping up to be another stellar year.

Village Roadshow Limited (ASX: VRL): Current Price – $7.00; yield – 4.4% fully franked

The media and entertainment group has delivered solid returns to investors over the last half-decade but has recently pulled back in price from its high of $8.05, offering you a fantastic entry point. It runs a number of theme parks located in the US, Queensland and now Sydney (it recently opened its new Wet ‘n’ Wild in Sydney) while it is also exploring growth prospects across Asia.

Westfield Group (ASX: WDC): Current Price – $10.41; yield – 5%

Although the shopping centre giant has already established itself as one of Australia’s largest corporations (with a market cap of $22 billion), its shares have been restricted with investors cautious over its pending merger proposal, while at the same time being concerned regarding the future of the bricks-and-mortar retail industry. It is combatting this by divesting from non-core assets and strengthening its more iconic centres, while it is also set to benefit from a pick-up in the US and UK economies.

Foolish takeaway

Each of the companies mentioned above are trading well-below their 52-week highs. Now is the perfect time to consider adding them to your portfolio or, at very least, to your watchlist.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

*Returns as of June 30th

Motley Fool contributor Ryan Newman owns shares in Collection House Limited.

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