Boost your income with these 4 JUICY dividend stocks

One of the best moves an investor can make is to buy quality stocks when they are trading at depressed prices, and then let their value increase over the ultra-long term. However, it is even greater when the company offers a juicy dividend payment, whereby the phenomenon of compounding can also work its magic.

Here are four quality stocks offering juicy fully franked (FF) dividends you should consider today…

Collection House Limited (ASX: CLH) could be one of the greatest ASX stocks you could buy today (I own the stock and I’m strongly considering increasing my stake). More and more businesses are outsourcing their debt collection tasks to receivables management companies like Collection House, and that should only increase when interest rates inevitably rise. The company recently announced that it was expanding its office space to account for this expected growth. For a growth business, its forecast 4.4% FF dividend yield is also extremely compelling.

Flight Centre Travel Group Ltd (ASX: FLT) has taken a nosedive recently after it downgraded its profit forecast due to a hit on consumer confidence. The travel agency business has time and time again proven itself to be a worthy competitor against the rising tide of online travel businesses and is benefiting from the high Aussie dollar and strong international growth. In addition, it offers a 3.4% FF dividend yield.

Telstra Corporation Ltd (ASX: TLS) has rallied hard in recent years but is still worthy of a place on every investors’ shortlist for stocks to buy. Offering strong growth prospects, both in Australia and abroad, the telecommunications behemoth should continue to deliver shareholders with S&P/ASX 200 Index (Index: ^AXJO) (ASX: XJO) beating returns over the long run. If the stock hasn’t won you over just yet, perhaps its juicy 5.5% FF dividend yield will have you convinced…

BHP Billiton Limited (ASX: BHP) has faced strong headwinds in recent years as the mining boom continues to slow in pace. While the short term could certainly remain volatile however, BHP’s long-term prospects remain intact. As it continues to aggressively reduce costs and improve productivity, its exposure to the coal and potash markets should fare well for the company over the coming decades. And while investors wait, they can enjoy the miner’s forecast 3.6% fully franked dividend yield.

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

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