3 companies to deliver growth and income for conservative investors

With the ASX having fallen by 4% over the last month, it’s unlikely that the net worth of many Aussie investors has increased in recent weeks.

Indeed, when stock markets are falling it’s difficult to hold your nerve and think about the long term.

However, there are still a number of top quality companies trading at great prices on the ASX and by taking a long term view on them you could boost your net worth in the months and years ahead.

Here are three companies that could do just that.

Suncorp Group Ltd

Whether you’re an income investor or growth-seeker, Suncorp Group Ltd (ASX: SUN) should be of major interest to you. That’s because it seems to put a bold ‘tick’ in both the income and growth boxes.

Indeed, shares in Suncorp currently offer a fat, fully franked yield of 6.1%. However, as a result of superb growth potential, they could be yielding as much as 6.6% in FY 2016, which works out at more than twice the current inflation rate.

Meanwhile, the company’s bottom line growth potential is significant, with earnings forecast to be over 90% higher in 2016 than they were in 2014. Clearly, such strong growth prospects are unlikely to be replicated in perpetuity, but with shares in Suncorp trading on a price to earnings growth (PEG) ratio of just 0.52, they look like a steal at the present time.

Transurban Group

Although it only offers a partially franked yield, Transurban Group (ASX: TCL) remains a strong income stock due to its 4.7% yield. Furthermore, dividends per share are expected to increase by 10.8% in each of the next two years and this could put shares in Transurban on a yield of 5.4% in FY 2016.

Such strong dividend growth looks set to take place due to impressive earnings growth, with the company’s bottom line expected to grow at an annualised rate of 22.8% over the next two years.

However, the real appeal of Transurban is its stability, with the toll road operator having increased earnings by over 19% per annum over the last ten years. This consistency, mixed with stunning future potential, could prove to be a winning combination.

Amcor Limited

With considerable potential in emerging markets, Amcor Limited (ASX: AMC) could prove to be a sound long-term buy. Indeed, it continues to balance reinvestment with shareholder returns, with it being able to grow dividends per share at an impressive annualised rate of 4.4% over the last ten years.

In addition, share price growth has also been strong, with Amcor being up 107% in the last five years and having the potential to move even higher.

A key catalyst to make this happen is likely to be further dividend per share growth. While they are only expected to grow by 5.5% per annum over the next two years, higher dividends mean that Amcor could be yielding as much as 4.3% in FY 2016, with more growth potential to come over the long run. As a result, shares in Amcor could continue to provide a steady and enticing return for investors.

Despite this, there is another company that could boost your net worth to an even greater extent than Amcor, Suncorp or Transurban. In fact, it's been named The Motley Fool's Top Stock Of 2015!

The company in question offers superb growth potential, a highly enticing yield and trades on a stunning valuation. As a result, it could boost your finances and make 2015 and beyond an even more prosperous period for your investments.

Click here to find out all about it - it's completely free and without any further obligation to do so.

Motley Fool contributor Peter Stephens does not own shares in any of the companies mentioned.

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