If someone had $10,000 to invest in ASX dividend shares, then they're in luck. It's a great time to buy with the dividend yields on offer in the stock market right now.
I'm going to outline three stocks that offer good yields and have a track record of underlying growth.
One business is a real estate investment trust (REIT), one is a leading supermarket business, and one is a quality exchange-traded fund (ETF) that provides a solid distribution yield.
I'd happily split $10,000 among the ASX dividend shares below.
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Centuria Industrial REIT (ASX: CIP)
This business describes itself as Australia's largest ASX-listed domestic pure-play industrial REIT. It has 83 assets worth around $4 billion across metropolitan locations nationwide.
Industrial properties have several demand drivers, including e-commerce adoption, data centres, the onshoring of supply chains, and refrigerated space requirements (for food and medicine). This is helping increase the value of industrial land.
In FY26, it grew net operating income (NOI) by 5.2%, and it expects to grow its funds from operations (FFO) by up to 5.5% in FY27.
The ASX dividend share grew its annual distribution per unit by 3% in FY26 and expects to increase it by another 3% to 17.3 cents per unit, yielding 6.2%.
Coles Group Ltd (ASX: COL)
Coles is one of the leading supermarket businesses in Australia, with hundreds of supermarkets around the country. It also has Coles Liquor and Liquorland stores within its liquor division.
The business has succeeded at providing customers with what they want over the last several years through the products it sells, the convenience of its store network, an improving online shopping offering, and other factors.
Coles has benefited from Australia's growing population, and it has also invested significantly in huge distribution centres and customer fulfilment centres (CFCs). This has helped efficiencies, stock flow, and more.
The ASX dividend share has grown its payout every year for the last several years, and I expect that can continue as its store network expands and e-commerce sales grow.
Its FY26 payout translates into a grossed-up dividend yield of 4.75%, including franking credits.
WCM Quality Global Growth Fund (ASX: WCMQ)
The final investment I want to highlight is this ETF.
WCM is a fund manager based in California, so it operates in quite a different environment to the analysts in Wall Street (New York).
The fund manager wants to invest in businesses with an expanding economic moat, measured with a rising return on invested capital (ROIC). WCM also wants to find businesses with a corporate culture that supports an expansion of the economic moat.
WCM believes that corporate culture is the biggest influence on a company's ability to grow its economic moat, so it has analysts specifically focused on corporate culture.
The investment strategy seems to be working. Over the past three years, the ASX dividend share's portfolio has delivered a net return of 22% and 14.9% per year since inception (in August 2018). It has outperformed the global share market over the past three years and since inception.
In terms of passive income, the ASX dividend stock aims to pay a minimum annualised cash distribution yield of 5%.
