3 for income: I'd buy these ASX shares for dividends today

Dividends can help you ride out market volatility…

With the Australian markets, and the S&P/ASX 200 Index (ASX: XJO) specifically, being on quite the roller coaster of 2026 to date, ASX investors have arguably never valued the security of receiving dividend income more. Share prices have risen and fallen this year, minting on-paper gains and losses respectively. But dividends represent locked-in returns, making them a valuable cushion for all the volatility that this year has brought thus far. With that in mind, let's talk about three ASX dividend shares that I would buy for income in September 2026.

$50 Australian dollar note on top of a plant pot.

Image source: Getty Images

Three ASX dividend shares to buy for income today

First up, we'll start with a favourite of dividend investors. Telstra Group Ltd (ASX: TLS) has long been a top pick for those seeking income on our share market. This venerable telco has been a hefty dividend payer for decades. This company's dominant mobile infrastructure and superlative network coverage make it the first choice for millions of Australians seeking reliable mobile or fixed-line internet and telephony.

This makes Telstra's earnings base, and thus dividend capacity, highly resilient. At recent prices, Telstra shares were trading on a decent dividend yield of 4.35%.

Next, let's talk Coles Group Ltd (ASX: COL). Coles is an ASX dividend share that offers many of the desirable defensive characteristics that make Telstra a top income pick. It is a dominant supermarket operator, with stores within reach of the vast majority of the population. As a provider of consumer staples (life's essentials like food, drinks and household supplies), Coles is a company that is well-placed to weather any kind of bad economic weather, including inflation and recessions. That makes it a formidable dividend stock for those seeking income certainty.

Coles is currently trading with a dividend yield of 3.41%, which comes with full franking credits attached too.

Last but not least…

A final stock to consider for income is the listed investment company (LIC) MFF Capital Investments Ltd (ASX: MFF). Like most LICs, MFF holds an underlying portfolio of investments that it manages on behalf of its shareholders. In this case, that underlying portfolio is mostly made up of US stocks. These include many household names, such as Alphabet, Amazon, Mastercard, and Visa.

MFF is one of the ASX's most impressive dividend growth stocks. The company has increased its annual payout every year for almost a decade now, and at breakneck speed too. To illustrate, the company has gone from paying 6.5 cents per share in 2021 to a planned 21 cents in 2026. Those dividends all come fully franked as well. Today, MFF shares trade on a trailing dividend yield of 3.83%

Motley Fool contributor Sebastian Bowen has positions in Alphabet, Amazon, Mastercard, Mff Capital Investments, and Visa. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Alphabet, Amazon, Mastercard, and Visa. The Motley Fool Australia has positions in and has recommended Mff Capital Investments and Telstra Group. The Motley Fool Australia has recommended Alphabet, Amazon, Mastercard, and Visa. 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

A smiling woman with backpack and a map sits on a rocky cliff about to embark on a new investing journey.
Dividend Investing

Soul Patts vs BHP: Which ASX share is best for beginners?

I compare Soul Patts shares on yield, risk, and valuation, and reveal which one I'd pick for a beginner investor.

Read more »

A woman wearing glasses and a black top smiles broadly as she stares at a money yarn full of coins.
Dividend Investing

3 ASX dividend shares offering gross yields of 8% or more

Don't just look for fat yields today, find shares that can keep cash flowing tomorrow.

Read more »

Man holding Australian dollar notes, symbolising dividends.
Dividend Investing

4 ASX shares that pay a dividend yield of 8% (or more)

Want to earn a consistent passive income? Take a look at these ASX dividend shares.

Read more »

Happy young couple riding a motorbike together.
Dividend Investing

Why I'd buy and hold these ASX passive income shares

These four businesses would be on my shortlist for income and long-term growth.

Read more »

A woman in hammock with headphones on enjoying life which symbolises passive income.
Dividend Investing

If I invest $5,000 in NAB shares, what passive income will I receive in FY27?

Find out what the banking giant is expected to pay its shareholders in FY27.

Read more »

Numerous Australian dollar notes laid out.
Dividend Investing

This outperforming ASX dividend stock will now pay out on a quarterly basis

Next year's dividend payment has also been forecast.

Read more »

Man holding out Australian dollar notes, symbolising dividends.
Dividend Investing

Why these ASX dividend shares could be buys for passive income

Some attractive yields are forecast from these shares.

Read more »

Numerous Australian dollar notes laid out.
Dividend Investing

Why I just invested $1,100 in this ASX dividend share

This business has a great track record. That’s why I wanted to buy more of it…

Read more »