Growth + dividend shares are the ultimate investments but they are rare.
Could TPG Telecom Ltd (ASX: TPM), Vocus Group Ltd (ASX: VOC) and Integrated Research Limited (ASX: IRI) be what you are searching for?
TPG Telecom
You'd know TPG Telecom from all of its advertisements touting super-cheap broadband and home phone bundles. TPG has gained ground on its competitors by focusing on these low-cost services. However, it is now taking those successful lessons from broadband into the lucrative mobile market, which is dominated by a few players.
While its profit growth may slow in coming years, TPG shares also offer a handy 2.4% fully franked dividend yield while we wait for growth.
Vocus Group
Like TPG, Vocus is a growing telecommunications business. It is the name behind M2, Dodo, Commander, Primus and much more. The company has had a rough trot of late, with directors leaving in spectacular fashion and the company being the subject of much analyst scrutiny.
However, there is a lot to like about Vocus in my opinion. The company is growing by stealing market share away from incumbents like Telstra Corporation Ltd (ASX: TLS) and by investing in infrastructure. It offers a dividend yield of 3.8% fully franked and I think its profits could reasonably be expected to grow over time.
Integrated Research
Integrated Research is a $500 million business whose software runs diagnostics for company computer systems. The software is sticky and helps technology teams maintain their mission critical information.
Over the years, Integrated Research has moved from strength to strength and paid a dividend to match its stellar share price performance. At today's prices, it yields a dividend of 2.4%.
Buy, hold or sell
I think that if you have a long-term investment horizon, each of these companies could be a buy today. There are risks, of course, so you should position them in your portfolio accordingly. Integrated Research is the smallest; I'd probably enter it with a 2% position.
