5 top ASX dividend shares to buy now

Let's take a look at why these shares could be top picks for income investors.

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Key points

  • Accent Group might see a retail rebound with expected interest rate cuts, making it a compelling dividend pick with its solid portfolio of footwear retailers like The Athlete's Foot and Platypus.
  • APA Group offers stability with its infrastructure across Australia, providing inflation-linked income and predictable earnings from its energy assets.
  • BHP Group stands strong in dividend reliability, generating significant cash flow from its world-class commodity assets, rewarding investors through various market cycles.

For investors focused on building passive income, ASX dividend shares remain one of the most reliable ways to generate long-term cash flow.

While interest rates and market sentiment can move around from year to year, quality dividend payers tend to reward patient investors through regular income and steady capital growth.

Rather than chasing the highest yield on offer, a smarter approach is to focus on companies with durable business models, strong balance sheets, and a proven commitment to returning capital to shareholders.

With that in mind, here are five ASX dividend shares that stand out right now.

Accent Group Ltd (ASX: AX1)

The first ASX dividend share that could be a top pick for investors is Accent Group.

It owns and operates footwear focused retailers such as The Athlete's Foot, Platypus, Stylerunner, and Hype DC. It also boasts exclusive distribution rights for major global brands such as Skechers and is rolling out the Sports Direct brand across Australia.

Although consumer spending weakness has weighed heavily on its performance this year, this is now fully priced in. So, with interest rate cuts expected to boost the retail sector in 2026, this dividend share could be well-placed for a rebound in fortunes.

APA Group (ASX: APA)

Another top ASX dividend share that could be a top pick is APA Group.

It owns and operates critical energy infrastructure across Australia, including gas pipelines and electricity assets. Its long-term contracts provide predictable earnings, which flow through to steady and growing distributions. For investors seeking inflation-linked income with lower volatility, APA is an appealing option.

BHP Group Ltd (ASX: BHP)

A third ASX dividend share that could be a top option for income investors in 2026 is BHP Group.

It is one of the most dependable dividend payers on the Australian share market. Backed by world-class iron ore, copper, and metallurgical coal assets, the mining giant generates enormous cash flow across the commodity cycle. This allows the miner to continue rewarding shareholders even when commodity prices are weak.

Telstra Group Ltd (ASX: TLS)

Telstra Group could be another ASX dividend share to buy.

That's because the telco giant offers defensive income backed by essential infrastructure. Demand for mobile data, broadband, and network services continues to rise, supporting stable cash flows. Telstra's focus on cost discipline and long-term network investment underpins its ability to pay reliable dividends.

Woolworths Group Ltd (ASX: WOW)

Lastly, Woolworths Group rounds out the list.

As one of Australia's largest supermarket operators, it benefits from consistent demand for everyday essentials. This resilience allows Woolworths to deliver reliable dividends even during tougher economic conditions.

And while its performance has been underwhelming over the past couple of years, there are signs that it is now back on track and positioned for growth again.

Motley Fool contributor James Mickleboro has positions in Accent Group and Woolworths Group. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Apa Group, Telstra Group, and Woolworths Group. The Motley Fool Australia has recommended Accent Group and BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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