I'd buy these 3 ASX dividend stocks for dependable income

These dividend stocks are about as reliable as you can get…

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Finding reliable income stocks on the ASX is easier said than done. No ASX dividend stock can be completely dependable for income seekers, of course. But there is a definite spectrum when it comes to reliable dividend payers on the ASX.

To help sort the proverbial wheat from the chaff, let's go over three ASX dividend stocks I would buy today if I were building a portfolio focused on steady dividends.

A golden egg with dividend cash flying out of it

Image source: Getty Images

3 ASX dividend stocks to buy for reliable income

Telstra Group Ltd (ASX: TLS)

First up, we have the telco Telstra. Telstra has long enjoyed a reputation as one of the ASX's most popular dividend shares, and for good reason. In its decades of life on the stock market, this company has almost always provided investors with relatively large and fully franked payouts.

These have tended to come rain, hail or shine, helped by Telstra's inherent defensive qualities. This ASX dividend stock's first payout of 2026 came in at 19.5 cents per share, steady on last year's equivalent payout. At current pricing, Telstra shares are trading on a dividend yield of about 4%.

Wesfarmers Ltd (ASX: WES)

Next up, we have another blue chip ASX dividend stock in Wesfarmers. This conglomerate has its fingers in many pies, but is most well-known for its flagship retailers like Bunnings, Officeworks and Kmart. Wesfarmers rarely trades at a price that makes its dividend yield stand out. To illustrate, Wesfarmers shares currently sport a yield of 2.4% or so.

But what makes this company attractive, at least in my view, is its solid history. Wesfarmers has been doling out steady dividends for decades, and hasn't cut its payouts in living memory (excepting the spin-off of Coles Group Ltd (ASX: COL) last decade). If you're building an income portfolio, you can't go wrong with Wesfarmers.

National Australia Bank Ltd (ASX: NAB)

Last but not least, let's talk NAB. Like its peers in the banking space, NAB is well-known as a formidable ASX dividend stock. It has been funding fat and fully franked dividends for decades, and is relied upon as a source of income for countless investors. It is also a major pillar of the Australian economy, which could offer some comfort to investors as well.

I like NAB as its business model isn't as mortgage-heavy as some of its peers. Not to mention the fact that it also trades at a more reasonable valuation than other banks. Right now, NAB shares are trading on a decent dividend yield of 4.13%, which comes fully franked too.

Motley Fool contributor Sebastian Bowen has positions in Wesfarmers. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Wesfarmers. The Motley Fool Australia has positions in and has recommended Telstra Group. The Motley Fool Australia has recommended Wesfarmers. 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

Woman holding $50 notes with a delighted face.
Dividend Investing

2 ASX dividend shares with yields above 6.5%

These businesses can offer excellent dividend yields…

Read more »

ETF written on wooden blocks with a magnifying glass.
Dividend Investing

Why these dividend ETFs are perfect for retirees 

These ETFs can provide passive income.

Read more »

Worker on a laptop at an oil and gas pipeline.
Energy Shares

5.3% yield: Are Woodside shares a dividend trap?

That 5.3% yield comes fully franked too...

Read more »

A white and black clock face is shown with Time to Buy written.
Dividend Investing

I'd buy this ASX dividend stock in any market

This business has a lot to offer investors who want income.

Read more »

A young man looks like he his thinking holding his hand to his chin and gazing off to the side amid a backdrop of hand drawn lightbulbs that are lit up on a chalkboard.
Dividend Investing

1 ASX dividend stock down 55% I'd buy right now

This business looks very cheap to me! Here’s why…

Read more »

A couple lying down and laughing, symbolising passive income.
Dividend Investing

Why I'd buy NAB, Telstra, and Rio Tinto shares for a passive income portfolio

There are good reasons why I would use this mix for a passive income portfolio.

Read more »

A man with a comical look on his face holds his hands in a 'time out' gesture.
Dividend Investing

WAM Income Maximiser enters trading halt pending fundraising move

WAM Income Maximiser shares are in a trading halt as the company prepares a capital raising for existing shareholders.

Read more »

Person handing out $50 notes, symbolising ex-dividend date.
Dividend Investing

2 ASX passive income ideas I'd use to generate $500 a month in 2027

These are two of the top ideas for dividends, in my view.

Read more »