As the S&P/ASX 200 (INDEXASX: XJO) continues to climb higher, it's becoming increasingly difficult to find quality companies offering both dividends and growth potential at a cheap price.
However, that's not to say none are currently available. Here are four growing dividend stocks you should consider adding to your portfolio.
- RCG Corporation Ltd (ASX: RCG) is the owner of The Athlete's Foot and distributor of exclusive brands such as Merrell, Saucony and CAT (to name just a few) in Australia and New Zealand. The group recently increased its full-year profit and declared a final dividend of 4.5 cents per share, placing it on a trailing dividend yield of 6.7% fully franked.
- Collins Foods Ltd (ASX: CKF) is the owner and operator of selected KFC and Snag Stand restaurants throughout Australia and the owner and operator of the Sizzler casual dining chain in Australia and Asia. The company recently announced a strong start to FY15 and with shares trading on a price-to-earnings ratio of just 12, the 5.17% fully franked dividend looks finger lickin' good.
- M2 Group Ltd (ASX: MTU) is the owner of internet service providers Dodo, Primus, Eftel and Commander. However the company has an ambition to become a complete household utilities provider in the future, so there's plenty of growth opportunities for the company to pursue. At its current market price, it yields a fully franked dividend of 3.5%.
- Collection House Limited (ASX: CLH) is a debt collections company with operations throughout Australia, New Zealand and the Philippines. Shares currently trade on a price-earnings to growth ratio of 1.09 and fully franked dividend yield of 3.6%.
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