4 FAST growing dividend stocks

These companies are forecast to grow earnings and dividends in the near future, don’t miss your opportunity to buy them cheap!

| More on:
a woman

Buying stocks which boast strong dividend yields is a great way to maximise your chances of beating the market. Just think about how well Commonwealth Bank of Australia (ASX: CBA) and Telstra Corporation Ltd have performed over the past 10 years!

It can be hard to identify the next big thing but I think the four stocks below will beat the S&P/ASX 200 (ASX: XJO) (^AXJO) and pay dividends on top, as their growth strategies begin to gain traction.

Don’t miss your opportunity to buy them now, while they’re still offering heaps of growth potential and plenty of room for increased dividend payments.

1. The first company is RCR Tomlinson Limited (ASX: RCR). RCR has recently been thrown out with the bath water as investors sold down anything mining services related. Despite the bleak forecasts for the sector, it earns only 38% of its revenue from resources. With a solid 3.3% dividend and rapidly growing earnings, don’t miss your opportunity to buy it while it’s cheap.

2. RCG Corporation (ASX: RCG) is another small-cap which has been treated unfairly by the market simply because it’s involved in the retail sector. The company is very well run, has exclusive brands (such as Saucony and Merrell) and its stores, The Athlete’s Foot, are continuing to grow and drive earnings higher. With a forecast 6.1% fully franked dividend, there’s plenty to like about RCG.

3. Ardent Leisure Group (ASX: AAD) is a mid-cap stock involved in entertainment and leisure throughout Australia and the US. It includes names such as Goodlife Healthclubs, AMF and Kingpin Bowling, Dreamworld and Main Event. Forecast to pay a 4.8% dividend in 2014, it is a top growth and dividend stock you need to consider.

4. Cash Converters International Ltd (ASX: CCV) is still one of my favourite investments at current prices. With an increasing store count throughout Australia, the UK, New Zealand and recently, South America, it’s a great buy for under $1.20 per share. It is forecast to pay a 3.8% fully franked dividend yield in the next year.

An EVEN BETTER buy

I believe each of the stocks above will handsomely reward long-term shareholders with both dividends and capital gains.

Wondering where you should 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 over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

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

*Returns as of January 12th 2022

Motley Fool Contributor Owen Raszkiewicz owns shares in RCG Corporation and Cash Converters International. 

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

The share price of ASX infant products retailer Baby Bunting Group Ltd (ASX:BBN) has been a solid performer so far …

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

A new landmark report by the Intergovernmental Panel on Climate Change (IPCC) was released earlier this week. It provided a …

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest …

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos Limited (ASX: AMS) share price has been on a tear this past week, rising 15% on the back …

Read more »

asx share price competitions represented by businessmen arm wrestling
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

Online furniture retailer Temple & Webster Group Ltd (ASX: TPW) had a breakout year in 2020, moving from relative obscurity …

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

Shares in ASX healthcare company Polynovo Limited (ASX: PNV) almost doubled in price last year. And, despite a shaky start …

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

Investing in other geographic markets has become a popular way to diversify a portfolio. The risks associated with being exposed …

Read more »

person reading news on mobile phone
⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

Despite the News Corporation (ASX: NWS) share price getting a 31% bump between November last year and today, News Corp …

Read more »