Major ASX blue-chip shares can be a great source of passive income thanks to their dividend yields, including the franking credits.
Dividend yields can be very compelling through a mixture of having a high dividend payout ratio and a relatively low valuation.
Let's look at two appealing ASX blue-chip shares with attractive dividend yields.
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Origin Energy Ltd (ASX: ORG)
Origin describes itself as one of Australia's leading energy retailers, supplying electricity, natural gas, LPG and solar.
It also has a variety of ways to generate power, including coal, natural gas, wind and solar. On top of that, Origin is a gas producer and explorer. Origin also owns a stake in utility software business Kraken and European energy supplier Octopus Energy.
The business trades on a relatively low price/earnings (P/E) ratio following a drop of more than 10% since the 2026 high in April. According to the projection on Commsec, the business is trading at less than 15x FY26's estimated earnings.
Thankfully, with the ASX blue chip-share's forecast dividend for FY26 and FY27, the dividends could be large. But, it's important to remember that energy prices can be volatile sometimes.
The forecast on Commsec suggests the business could pay an annual dividend per share of 60 cents in FY26 and 70.5 cents per share in FY27.
That means the grossed-up dividend yield could be 7.7% in FY26 and 9% in FY27, including franking credits, at the time of writing.
WAM Income Maximiser Ltd (ASX: WMX)
This is a relatively new listed investment company (LIC) that invests in a mixture of ASX blue-chip shares and bonds (debt, with the LIC's exposure having attractive credit ratings on average).
On the equity side of the portfolio, some of its portfolio positions at the end of May included BHP Group Ltd (ASX: BHP), Goodman Group (ASX: GMG), JB Hi-Fi Ltd (ASX: JBH), Rio Tinto Ltd (ASX: RIO) and Transurban Group (ASX: TCL).
By mixing shares and debt, it can provide investors with a solid mixture of stability and yield. As a bonus, it pays a dividend every single month, giving investors very consistent income.
It has guided that its monthly dividend in September 2026 will be 0.65 cents per share. That translates into an annualised grossed-up dividend yield of 6.8%, including franking credits, at the time of writing.
I'm not sure how strong the portfolio's future returns will be, but it has started with a strong year or so of performance from its portfolio that's focused on ASX blue-chip shares.
These aren't the only shares I'd buy for dividend income, though.
