2 ASX dividend shares perfect for patient investors

Analysts think these shares could be top picks for buy and hold investors.

Key points
  • APA Group offers stable dividends supported by long-term, regulated contracts, with Macquarie forecasting yields of 6.4% in FY 2026 and 6.5% in FY 2027.
  • Transurban Group benefits from predictable cash flows through its toll road network, with Citi predicting yield increases to 4.9% in FY 2026 and 5.25% in FY 2027.
  • Both companies present attractive opportunities for income-focused investors, with positive analyst ratings and growth projections supporting future dividend potential.

In a market obsessed with short-term gains, it can be easy to forget that the real power of investing lies in patience.

Dividend shares, in particular, reward ASX investors who think long term, offering steady income today and the potential for capital growth over time.

For those willing to let compounding do the heavy lifting, here are two ASX dividend shares that analysts think are perfect for patient investors.

Man holding Australian dollar notes, symbolising dividends.

Image source: Getty Images

APA Group (ASX: APA)

APA Group owns and operates one of Australia's largest networks of natural gas pipelines and energy infrastructure assets. It generates the majority of its earnings from long-term, regulated contracts, meaning revenue remains resilient even when commodity prices fluctuate.

For income investors, APA's business model offers exactly what is needed: stability and reliability. The company has a long history of paying regular distributions, supported by its strong balance sheet and disciplined capital management. In fact, it has increased its dividend every year for around two decades.

The good news is that the team at Macquarie Group Ltd (ASX: MQG) believes that the company is positioned to continue this trend in the near term. The broker is forecasting dividends of 58 cents per share in FY 2026 and then 59 cents per share in FY 2027. Based on its current share price of $9.01, this would mean dividend yields of 6.4% and 6.5%, respectively.

Macquarie has an outperform rating and $9.23 price target on its shares.

Transurban Group (ASX: TCL)

Another ASX dividend share that could be a good pick for patient investors is Transurban. It is one of Australia's premier infrastructure companies, operating a network of toll roads across Sydney, Melbourne, Brisbane, and North America. This includes CityLink in Melbourne, the Cross City Tunnel in Sydney, and Clem7 in Brisbane.

Transurban's revenues are backed by growing traffic volumes and inflation-linked pricing, which makes cash flow highly predictable. Even during volatile economic periods, people still need to move goods around and drive to work, school, and events. That steady usage underpins Transurban's ability to keep growing distributions year after year.

The team at Citi is positive on the company and believes it is positioned to increase its dividends to 69.5 cents per share in FY 2026 and then 73.7 cents per share in FY 2027. Based on its current share price of $14.06, this would mean dividend yields of 4.9% and 5.25%, respectively.

Citi currently has a buy rating and $16.10 price target on the ASX dividend share.

Citigroup is an advertising partner of Motley Fool Money. Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Macquarie Group and Transurban Group. The Motley Fool Australia has positions in and has recommended Apa Group and Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

Two men in suits face off against each other in a boxing ring.
Test Only

Wesfarmers vs Woolworths: Which ASX dividend share looks better this month?

I compare Wesfarmers and Woolworths head-to-head to see which ASX dividend share is better value and income for investors right…

Read more »

A man points at a paper as he holds an alarm clock, indicating the ex-dividend date is approaching.
Dividend Investing

10 ASX shares with ex-dividend dates next week

Harvey Norman, MFF Capital Investments, WAM Capital, and other stocks go ex-div next week.

Read more »

Smiling woman listening to music and using her phone.
Dividend Investing

AGL Energy vs Wesfarmers: Which share delivers better passive income?

AGL Energy offers a bigger franked dividend yield than Wesfarmers—here's which ASX stock I'd pick for passive income.

Read more »

Hand of a woman carrying a bag of money, representing the concept of saving money or earning dividends.
Dividend Investing

2 ASX passive income share ideas I'd use to generate $300 a month in 2027

These businesses are providing incredible dividend income.

Read more »

Mining vehicle at a mine site.
Dividend Investing

If I invest $10,000 in Fortescue shares, how much passive income could I earn in FY27?

Do you hold Fortescue shares in your portfolio?

Read more »

Piles of increasing coins on Australian $100 notes.
Dividend Investing

ASX ETF dividends: Global X reveals next payments

Own A300, ZYAU, BANK, or OZXX ETFs? Here's your next dividend.

Read more »

Person handing out $100 notes, symbolising ex-dividend date.
Dividend Investing

2 great ASX dividend share buys for passive income in October

I think these investments look incredible options for dividends.

Read more »

A group of businesspeople clapping.
Dividend Investing

Is this the best ASX dividend share to buy in October?

Bell Potter has good things to say about this income stock.

Read more »