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Growth stocks aren’t usually associated with passive income. Most of these types of businesses prefer to reinvest surplus cash to drive growth rather than pay dividends.
However, there are a few FTSE 100 firms in growth mode that also pay dividends. So they could potentially deliver both share price gains and income moving forward.
Here are two that are worth mulling in November.
Games Workshop
At first glance, Games Workshop (LSE:GAW) might not seem like a growth business. After all, the Warhammer owner has been a staple on UK high streets for decades, selling tabletop wargame miniatures to generations of self-confessed geeks.
Yet revenue surged from £353m in FY21 to £660m last year (FY26). Profits have been on a similarly impressive trajectory as the hobby has taken off globally, particularly in North America.
However, Games Workshop’s a somewhat unusual dividend stock. It has a policy where it only pays dividends out of cash which is “truly surplus“, after allowing for the costs of tooling, new stores, and the maintenance of a cash buffer.
Therefore, it can be hard to accurately forecast a forward dividend yield. But City analysts are paid to do just that, and they currently have 515p pencilled in for this year. That works out at a respectable 3.2% yield.
The potential fly in the ointment, of course, is that more consumers are struggling to make ends meet. So there’s a chance that sales growth slows this year. This is a key risk.
However, the stock has already fallen 27% since June, letting some air out of the valuation. And with the Warhammer franchise still in the early stages of growth in some international markets, as well as content developed with Amazon yet to come, I reckon Games Workshop’s worth a look.
Computacenter
Next, we have Computacenter (LSE:CCC), whose stock has been on fire. It’s up 137% since the start of 2025!
One quick look at the company’s rate of growth tells us why:
| 2024 | 2025 | 2026 (forecast) | |
| Revenue | £7bn | £9.2bn | £14.7bn |
| Earnings per share (EPS) | 160p | 177p | 281p |
Computacenter provides IT infrastructure and services to large enterprises and the public sector. This includes sourcing high-performance AI hardware for data centre operators, including hyperscalers. So the explosive growth’s largely down to the ongoing AI buildout.
Of course, much of this is going on in North America, where investors are getting nervous about the AI boom. In particular, there are concerns that many neoclouds could face a financing crunch, sending them out of business. That wouldn’t be ideal for Computacenter.
Then again, the tech giants are committed to keep spending eye-watering sums next year. Wall Street expects AI capital expenditure to surge above $1trn as cloud platforms invest to meet accelerating customer demand.
Recently, Computacenter said its committed product order backlog had reached a record £12.6bn. And it raised its full-year profit expectations, which is a good omen for the dividend prospects.
After falling 11% in two weeks, the stock trades at a reasonable 17.5 times forward earnings and is offering a 2.2% dividend yield. For investors looking for a FTSE 100 stock to ride the AI boom, this one’s certainly worth checking out.
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Ben McPoland owns shares in Games Workshop.
This story originally appeared on Motley Fool
