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Three overlooked income stocks offering dividend growth potential

Aberdeen Equity Income Trust highlights three underappreciated stocks with strong yields and growth prospects. Chesnara, GTT and Softcat each offer distinct income opportunities for UK investors.

  • Chesnara has completed £440 million of acquisitions over five years and now oversees £20 billion in assets
  • GTT dominates LNG containment systems with high barriers to entry and a growing digital services arm
  • Softcat benefits from AI-driven IT demand, with 95% of revenue from repeat business

UK income investors may find value in stocks that have flown under the radar, according to analysis from the Aberdeen Equity Income Trust. The trust, which takes an index-agnostic approach, has identified three companies that combine attractive dividend yields with potential for capital appreciation as the broader market begins to take notice.

First on the list is Chesnara (LSE: CSN), a specialist acquirer of legacy life insurance assets. Over the past five years, the company has completed £440 million worth of acquisitions, often buying portfolios from larger financial institutions at favourable discounts. Assets under administration have climbed from £8.5 billion to more than £20 billion, and the firm now has over £100 million in available firepower for further deals. For UK shareholders, Chesnara's disciplined approach has historically supported steady dividend payments, though past performance is not a guarantee of future returns.

French-listed GTT (Paris: GTT) is a global leader in membrane containment systems for liquefied natural gas (LNG) tankers. With LNG demand expected to rise roughly 60% between 2025 and 2040 as economies shift away from coal, GTT's proprietary technology and high barriers to entry give it pricing power and consistently strong margins. The company is also building a digital services platform already installed on more than 15,000 vessels, which could unlock additional high-return revenue streams. Robust cash generation underpins both dividends and reinvestment, making it a potential pick for income-focused investors comfortable with international exposure.

UK IT reseller Softcat (LSE: SCT) rounds out the trio. The company connects businesses with complex technology needs, partnering with over 200 global providers. A sharp correction in software stocks in early 2026 has created what some see as an entry point for income hunters. Softcat has delivered consistent organic growth and enjoys a loyal customer base, with 95% of revenues from repeat business. The rapid adoption of artificial intelligence is driving demand for processing power, storage, networking and security infrastructure—areas where Softcat is well positioned. This structural tailwind is expected to support continued earnings growth and, by extension, rising dividends.

The Aberdeen Equity Income Trust deliberately avoids sector constraints and market-cap limits, allowing it to access a broader universe of income stocks than traditional UK equity income strategies. As the macroeconomic backdrop improves and investor attention shifts beyond the FTSE 100, such an approach may become increasingly relevant. However, all investments carry risk, and readers should consult a qualified financial adviser before making any decisions.

Why this matters: UK households and investors seeking reliable income face a challenging environment; these stocks illustrate opportunities outside the FTSE 100 that could offer both yield and growth.

What this means for you: If you hold or are considering UK income stocks, diversification into overlooked sectors such as legacy insurance, LNG infrastructure or IT services may offer alternative sources of dividend income.

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