With the new financial year just getting rolling, now is an excellent time to consider investing $5,000 in some top ASX dividend stocks to bring in a regular passive income stream.
Below we look at two quality ASX dividend stocks offering market beating yields that I think will continue to deliver the goods in FY 2026 and beyond.
Before we dive into those, though, a few important reminders.
First, the dividend yields that you generally see quoted are trailing yields. Future yields may be higher or lower depending on a range of company specific and macroeconomic factors.
Though with that in mind, I expect all three of the below ASX dividend stocks should continue to deliver reliable passive income for years to come. And likely some share price gains as well.
Also, bear in mind that a properly diversified income portfolio will contain more than just two ASX dividend stocks. There's no magic number. But 10 is a reasonable ballpark figure, ideally operating in various sectors and locations.
This will reduce the risk that your entire portfolio takes an outsized hit if any single company or sector runs into a rough patch.
With that said…
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Two ASX passive income stocks to buy with $5,000
The first ASX stock I'd invest $5,000 in today for market beating passive income is Liberty Financial Group Ltd (ASX: LFG).
Shares in the financial services company are down 8.5% over 12 months but have gained 4.6% so far in 2025, closing on Wednesday at $3.43 a share.
On the passive income front, Liberty Financial paid a partly franked interim dividend of 17 cents a share on 13 December. And the company will pay a final unfranked dividend of 20 cents per share on 29 August. (It's a bit too late to grab that one, as the stock traded ex-dividend on 27 June.)
All told then, Liberty Financial paid (or shortly will have) 37 cents a share over the past year. This sees the ASX dividend stock trading on a partly franked trailing yield of 10.8%.
Meaning you might expect to receive $539 a year in passive income from a $5,000 investment today.
The second ASX dividend stock I'd buy today is New Hope Corp Ltd (ASX: NHC).
Shares in the S&P/ASX 200 Index (ASX: XJO) coal miner have slumped almost 26% over the past year amid declining coal prices. But I believe the year ahead should see some share price recovery along with more stable coal prices.
As for those dividends, New Hope paid out two fully franked dividends totalling 41 cents per share over the past 12 months. At Wednesday's closing price of $3.81, New Hope shares trade on a fully franked trailing yield of 10.8%.
So, with a $5,000 investment today, you might expect to earn $538 a year in passive income from New Hope shares.
