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3 cheap-as-chips dividend stocks for your retirement portfolio

As the S&P/ASX 200 (INDEX^: AXJO) (ASX: 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…

  1. 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 price-to-earnings ratio of just 11, the 5% fully franked dividend looks finger lickin’ good.
  2. 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 3.6%.
  3. Ardent Leisure Group (ASX: AAD) owns and operates entertainment and leisure assets such as Dreamworld, AMF, Kingpin Bowling and Goodlife Health clubs. Moving forward, the group’s rapidly growing Main Event indoor family entertainment business will provide a boost to earnings. It yields 4.4%.
  4. 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 1.00 and fully franked dividend yield of 4%.

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All of these companies are offering-up generous dividends to complement their long-term growth prospects and, in my opinion, all should hold a spot on investors’ watchlists. Right now, Ardent Leisure and Collection House are my two favourites.

However there's 1 more ASX stock which I think is an even better buy for new investors today...

The Motley Fool's top analyst Scott Phillips recently identified this cheap but growing ASX technology company and declared it, "The Motley Fool's Top Stock for 2015".

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Motley Fool Contributor Owen Raszkiewicz does not have a financial interest in any of the companies mentioned in this article.      

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