Figures released by the Association of Superannuation Funds of Australia show that on average, people do not have enough in their superannuation for what they deem to be a comfortable retirement.

If you're keen to figure out how much you can expect to have in your superannuation when you retire, be that at age 60 or later, there are plenty of calculators around; however, I'd suggest the Federal Government's MoneySmart website as the one to use.

How much income can I generate from my superannuation?

Looking at a lump sum of $800,000, the good news is that it's well above the $630,000 ASFA says you need for a comfortable retirement as a single person.

Keep in mind that ASFA assumes you own your own home and draw a part of the Age Pension.

So how much could you expect to earn from your $800,000 in investments?

If you are simply drawing dividends and not drawing down any of the capital, the sums are quite simple.

If you can earn a 10% yield – which would be ambitious – you would earn $80,000, while if you were earning a 5% yield, the amount would be $40,000.

I'd suggest a yield somewhere between these two is achievable, so let's assume a 7.5% return, which would return $60,000.

What makes this even more realistic is that once you are retired, your tax rate on your superannuation drops to zero, and you get the full benefit of franking credits.

This means that if a share pays a 5% yield, the retiree receives a yield of 7.14% once franking credits are added back in.

Franking credits compensate shareholders for tax already paid by the company.

Which shares generate good income streams?

So, what are some shares that might be worth owning if you're aiming for these sorts of returns?

A consistent high dividend payer is Universal Store Ltd (ASX: UNI), which is currently paying right on 5%, while Regal Partners Ltd (ASX: RPL) just declared an improved first-half dividend and is paying an annualised rate of 9.7%.

The Betashares Australian Dividend Harvester ETF (ASX: HVST) is paying 5.54%, while another dividend-focused fund, WAM Income Maximiser Ltd (ASX: WMX), is paying 4.29%.

Among the blue-chip shares, BHP Group Ltd (ASX: BHP) is paying 3.72%, while Telstra Ltd (ASX: TLS) is paying 4.43%, and Woodside Energy Group Ltd (ASX: WDS) is paying 4.89%.

So as you can see, there are plenty of companies paying healthy dividends, which can help you attain your income aspirations.

The post How much passive income can I earn off my $800,000 superannuation balance? appeared first on The Motley Fool Australia.

As earnings season continues, let's check out some new ratings from the experts today.

DigiCo Infrastructure REIT (ASX: DGT)

The DigiCo Infrastructure REIT share price is $2.47, down 0.4% today and down 22% over 12 months. 

Morgans has a buy rating on this ASX 300 real estate investment trust (REIT) after reviewing its FY26 report.

The broker said: 

The signed Letters of Intent (LOIs) over the remaining 52MW would take the Australian portfolio to full capacity — a strong demand signal that de-risks management's pathway to $250m of EBITDA.

However the ramp-up in earnings is back-ended, hence FY27 guidance was ~8% below MorgansF and ~13% below Consensus.

Liquidity of ~$1.2bn funds the ~$1.2bn capex bill, with management calling out no need for additional equity.

We still see clear value, but the cashflows are pushed out — this is now an FY28-into-FY29 story.

Telstra Group Ltd (ASX: TLS)

The Telstra share price is steady at $4.72 on Tuesday, and down 6% over 12 months. 

John Athanasiou from Red Leaf has a hold call on this ASX 200 communications share following the telco's FY26 results.

He explained (courtesy The Bull):

Telstra's investment case has improved materially, supported by a stronger mobile business, better earnings momentum and improving shareholder returns.

Its mobile network remains the company's key competitive advantage, providing pricing power, scale and dependable cash generation.

The market has increasingly recognised Telstra's defensive qualities, which, we believe, are reflected in the share price.

Telecommunications also remains a capital intensive industry, requiring significant ongoing investment to maintain network leadership.

For existing shareholders, the combination of relatively stable earnings, dividends and a strong mobile franchise remains attractive.

However, for new investors, the upside appears less compelling after a recent re-rating.

Telstra is among 16 ASX 200 shares going ex-dividend this week.

The telco will pay a 90% franked dividend of 10.5 cents per share on 24 September.

Commonwealth Bank of Australia (ASX: CBA)

The CBA share price is $158.83, up 1.3% today and down 7% over 12 months. 

Tony Locantro from Alto Capital has a sell rating on the market's biggest ASX 200 bank share following its FY26 results.

Locantro said: 

The CBA remains Australia's leading banking franchise and delivered another strong result in full year 2026.

Cash net profit after tax of $10.982 billion was up 7 per cent on the prior corresponding period. The full year dividend of $5.05 a share, fully franked, was up 4 per cent.

Strong lending, deposit growth and a robust capital position continue to demonstrate the quality of the business.

However, operating expenses and loan impairment expenses increased.

The CBA continues to trade at a substantial valuation premium to domestic banking peers. Although the underlying business remains strong, the premium valuation leaves little room for disappointment and may potentially constrain prospective returns.

The post Buy, hold, sell: DigiCo Infrastructure REIT, CBA, Telstra shares appeared first on The Motley Fool Australia.

VGS offers global exposure and a tilt towards growth, while VHY focuses on high-yielding Australian shares.

So, which Vanguard ETF comes out on top?

VGS: Global growth in one ETF

This popular Vanguard ETF invests in around 1,300 companies across developed markets worldwide.

The US accounts for the bulk of the portfolio, with exposure to countries including Japan, the UK, Canada, France, Switzerland and Germany.

Its largest holdings include NVIDIA, Apple, and Microsoft. That gives investors exposure to some of the world's biggest technology companies, alongside businesses across healthcare, consumer and industrial sectors. 

VGS charges a management fee of 0.18% per year. Over the past 12 months, it has delivered a return of around 7.4%. Over the past 10 years, the Vanguard ETF has returned approximately 184%.

VGS also recently paid a distribution of around 80 cents per unit.

VHY: The dividend-focused alternative

This popular Vanguard ETF takes a completely different approach.

Rather than looking overseas, VHY targets Australian companies with higher forecast dividend yields. Its major holdings include BHP Group Ltd (ASX: BHP), Westpac Banking Corp (ASX: WBC), Rio Tinto Ltd (ASX: RIO) and Telstra Group Ltd (ASX: TLS), alongside other major Australian companies. 

For income-focused investors, that's the major attraction. The fund carries a forecast yield of around 4.2%, rising to approximately 5.5% once franking credits are included.

And VHY hasn't exactly been left behind on performance. It delivered a 7.4% return over the past year and a return of 46% over the past decade. 

VHY charges a 0.25% management fee, slightly more than VGS. Its portfolio also has significant exposure to the Australian banking and resources sectors, meaning investors aren't getting the same geographic or sector diversification offered by VGS.

Which Vanguard ETF wins?

There isn't an obvious winner for every investor. VHY could be the better fit for investors who prioritise regular dividend income and want exposure to established Australian businesses. The potential benefit of franking credits is another attraction for eligible Australian investors.

VGS, meanwhile, offers something VHY simply can't: global diversification and access to sectors such as technology that have a much smaller presence on the Australian share market. 

For an investor focused primarily on long-term capital growth and diversification, I'd give VGS the edge.

But for investors seeking income today, VHY has a compelling proposition.

Ultimately, the better Vanguard ETF depends on whether your priority is global growth or Australian dividend income.

The post VGS vs VHY: Which Vanguard ETF comes out on top? appeared first on The Motley Fool Australia.

Below we'll look at three quality S&P/ASX 200 Index (ASX: XJO) dividend stocks I'd buy today to form the bedrock of a $4,000 monthly passive income portfolio.

And we'll see how much superannuation you'd need to invest in these ASX shares to earn that income without drawing down your super balance over time.

Do be aware that a properly diversified passive income portfolio will hold more than just three ASX dividend stocks. There's no magic number. But somewhere in the range of 10 to 15 is a decent ballpark figure.

Ideally these companies will operate across a range of sectors and locations. This will reduce the risk of your passive income stream taking a big hit if a single sector or company runs into a rough patch.

With that said…

Three ASX 200 income shares to buy

The first stock I'd buy with my superannuation for $4,000 a month in retirement income is Ampol Ltd (ASX: ALD).

Ampol just reported its half-year (H1 2026) results on Monday. The Aussie fuel supplier swung from a $25 million loss in H1 2025 to a statutory net profit after tax (NPAT) of $1.36 billion this year.

With profits surging, Ampol declared a fully franked interim dividend of $1.85 per share. If you want to bank that payout, you'll need to own shares at market close on 3 September.

Now, if we add in the 60 cents per share final dividend, Ampol has paid, or shortly will, pay $2.45 a share in dividends over 12 months. At the recent Ampol share price of $41.46, this ASX 200 stock trades on a fully franked 5.9% dividend yield.

The second ASX 200 stock I'd target for passive income in retirement is Bendigo and Adelaide Bank Ltd (ASX: BEN).

Bendigo Bank paid a fully franked interim dividend of 30 cents per share and on Monday declared a final dividend of 30 cents per share. To bank that passive income, you'll need to own Bendigo Bank shares at market close on 31 August.

At the recent share price of $10.58, Bendigo Bank shares trade on a 5.7% dividend yield.

And the third ASX dividend share I'd buy with my superannuation for reliable passive income is Telstra Group Ltd (ASX: TLS).

Telstra paid an interim dividend of 10.5 cents per share and will shortly pay a final dividend of 10.5 cents per share, both franked at 90%. If you want to grab the final dividend, you'll need to own shares at market close today.

At the recent Telstra share price of $4.70, the ASX 200 telco trades on a dividend yield of 4.5%.

Which brings us back to our headline question.

How much superannuation do I need for a $4,000 monthly passive income?

Based on the recent yields, and assuming you invest the same amount in each stock, you could expect to earn an average yield of 5.4%.

So, for $4,000 a month – or $48,000 a year – in passive income, you'd need $888,889 in superannuation today in order not to draw down that super balance over time.

The post How much superannuation do I need to earn $4,000 a month in passive income? appeared first on The Motley Fool Australia.

But if you're looking to bank that increased passive income payout, time is running short.

Here's what you need to know.

When do I need to own shares to score the boosted Telstra dividend?

The S&P/ASX 200 Index (ASX: XJO) telco reported some solid results for FY 2026.

Among the highlights, Telstra's underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by 4% year on year to $8.3 billion.

And on the bottom line, underlying net profit after tax (NPAT) of $2.5 billion was up 4.9% from FY 2025.

This saw management declare a 10.5 cents per share final Telstra dividend, franked at 90%. That's up from the 9.5 cents per share final dividend paid out last year.

And at the recent Telstra share price of $4.73, it equates to an instant yield of 2.2%. Adding in the 10.5 cents per share interim dividend, and the stock trades on a partly franked yield of 4.4%.

Now, if you want to bank the upcoming payout, you'll need to own Telstra shares at market close on Tuesday. The ASX 200 stock trades ex-dividend on Wednesday, 26 August. You can then expect to be paid on 24 September.

Commenting on the Telstra dividend, CEO Vicki Brady said:

The final dividend is consistent with our Capital Management Framework, and our aim to deliver a sustainable and growing dividend. Our dividend is supported by strong cash earnings, and our Connected Future 30 ambition remains to deliver mid-single digit growth in cash earnings.

Should you buy Telstra shares today?

Red Leaf Securities' John Athanasiou recently analysed the outlook for Telstra shares (courtesy of The Bull).

"Telstra's investment case has improved materially, supported by a stronger mobile business, better earnings momentum and improving shareholder returns," he said.

According to Athanasiou, who issued a hold recommendation on Telstra:

Its mobile network remains the company's key competitive advantage, providing pricing power, scale and dependable cash generation. The market has increasingly recognised Telstra's defensive qualities, which, we believe, are reflected in the share price.

Telecommunications also remains a capital intensive industry, requiring significant ongoing investment to maintain network leadership.

As for the Telstra dividend, Athanasiou noted:

For existing shareholders, the combination of relatively stable earnings, dividends and a strong mobile franchise remains attractive. However, for new investors, the upside appears less compelling after a recent re-rating.

The post Looking to bank the boosted Telstra dividend? You better hurry! appeared first on The Motley Fool Australia.

Investing for passive income through superannuation makes sense for various reasons, with the low tax rate being a key benefit.

Keep in mind that the net income we receive from our investments is what we receive after taxes. It's possible that an Australian working full-time could lose a third of their passive income to tax, or more, depending on their tax rate.

Based on that, investing in superannuation is a more appealing prospect due to that lower tax rate.

Super has a lower tax rate in the accumulation phase compared to normal individual tax rates for a full-time earner. In retirement, the tax rate could be 0%.

Every Australian's tax position is different, so I'll just talk about targeting a certain income level, without mentioning tax any further.

How much is needed in superannuation for $5,500 of monthly passive income?

Receiving $5,500 per month of dividends translates into $66,000 annually. I'm sure most Australians would love to receive that level of dividends each year without needing to do any ongoing work for it, assuming they don't already receive that much each year.

A key question is deciding what sort of investments Australians want to own and the dividend yield attached to those stocks.

For example, a portfolio with a dividend yield of 6.6% can be half the size of a portfolio with a dividend yield of 3.3%.

For example, if a portfolio is $1 million in size with a 6.6% dividend yield, it would create $66,000 of annual passive income. If a portfolio had a dividend yield of 3.3%, the portfolio would need to be $2 million in size to make the same level of income.

If the portfolio had a dividend yield of 5%, the portfolio would need to be $1.32 million in size to generate an average of $5,500 per month of monthly passive income.

The final dividend yield we'll look at is 4%. It would take a portfolio value of $1.65 million to unlock $66,000 of annual dividends.

The sorts of ASX dividend shares I'd look at

There is a wide range of ASX dividend shares available for superannuation investments, investing in our own name or other structures.

Some of the lower-yielding stocks I'd look at are Wesfarmers Ltd (ASX: WES), Washington H. Soul Pattinson and Co. Ltd (ASX: SOL), L1 Long Short Fund Ltd (ASX: LSF) and Lovisa Holdings Ltd (ASX: LOV).

Some of the mid-range yielding stocks I'd consider for passive income include WCM Quality Global Growth Fund (ASX: WCMQ), Telstra Group Ltd (ASX: TLS), Rural Funds Group (ASX: RFF) and Centuria Industrial REIT (ASX: CIP).

Among the higher-yielding ASX dividend shares I'd consider are WCM Global Growth Ltd (ASX: WQG), Charter Hall Long WALE REIT (ASX: CLW), Dexus Industria REIT (ASX: DXI), Future Generation Australia Ltd (ASX: FGX), Future Generation Global Ltd (ASX: FGG) and PM Capital Global Opportunities Fund Ltd (ASX: PGF).

The post How much is needed in superannuation to target a $5,500 monthly passive income? appeared first on The Motley Fool Australia.

Of course, it has already generated significant passive income for shareholders. The FY26 result alone was an incredibly rewarding period for investors.

The company hiked its annual dividend per share in FY26 by 10.5% to 21 cents per share. I think shareholders of most ASX blue-chip shares would be happy with this level of passive income growth.

Let's see what's projected for the business in FY27 and what they could mean for a $15,000 investment.

More passive income to come?

The company reported a number of positive metrics in the FY26 result which bodes well for FY27, in my view.

Its mobile division delivered ongoing growth, supported by its leading mobile network. Total mobile income grew 3% to $11.4 billion and the operating profit (EBITDA) rose by 3%.

Mobile service revenue increased by 4.8%, driven by both handheld price changes and wholesale. It reported sustained average revenue per user (ARPU) growth across all categories, brands and segments.

Postpaid handheld ARPU grew 3.8%, prepaid handheld ARPU rose 7.2% and wholesale ARPU increased 8.8%. Overall ARPU rose 3.7% to $45.33.

Telstra also noted that mobile handheld users increased by 274,000 in FY26, including 39,000 in retail and 235,000 for wholesale.

Ongoing price rises could help the company's earnings rise again in FY27.

The company is forecasting that its operating earnings will rise by single-digits (in percentage terms) in FY27. Operating profit (EBITDAaL) could rise by between 1.9% to 5.5% to between $8.5 billion and $8.8 billion. Cash earnings (EBIT) could rise by between 1.9% to 6.2% to between $4.75 billion and $4.95 billion.

The ASX telco share is forecast by analysts to deliver shareholders an annual dividend per share of 22 cents in the 2027 financial year. That translates into a dividend yield of 4.6% excluding franking credits and 6.4% including franking credits.

What would a $15,000 investment in Telstra shares do?

If an investor bought $15,000 of Telstra at the time of writing, it would allow that Australian to buy 3,164 Telstra shares.

With that, in FY27, an investor could receive $696.08 of dividend cash and approximately $269.49 of franking credits for a potential total grossed-up income of $964.57.

The company could be a solid choice for passive income for the years ahead. It has a solid dividend yield, rising ARPU and it continues to invest in its network.

The post If I invest $15,000 in Telstra shares, how much passive income will I receive in 2027? appeared first on The Motley Fool Australia.

As the earnings season continues, more companies are announcing their next dividends.

We'll help you keep track of ex-dividend dates with an article every Friday over the next two months.

Here are the ASX 200 shares going ex-dividend next week.

ASX shares with ex-dividend dates ahead

Insurance Australia Group Ltd (ASX: IAG)

This ASX 200 financial share will pay an 80% franked dividend of 20 cents per share on 28 September.

IAG shares go ex-dividend on Monday, 24 August.

QBE Insurance Ltd (ASX: QBE)

QBE will pay a 30% franked dividend of 33 cents per share on 2 October.

The ex-dividend date is Monday, 24 August.

Santos Ltd (ASX: STO)

This ASX 200 energy share will pay an unfranked dividend of 11.6 US cents per share on 23 September.

Santos shares go ex-dividend on Monday, 24 August.

Amotiv Ltd (ASX: AOV)

This ASX 200 retail stock will pay a 100% franked dividend of 23 cents per share on 15 September.

Amotiv shares go ex-dividend on Tuesday, 25 August.

Deterra Royalties Ltd (ASX: DRR)

This ASX 200 materials share will pay a 100% franked dividend of 10.8 cents per share on 22 September.

The ex-dividend date is Tuesday, 25 August.

AGL Energy Ltd (ASX: AGL)

This ASX 200 utilities stock will pay a 100% franked dividend of 26 cents per share on 24 September.

AGL shares go ex-dividend on Tuesday, 25 August.

Challenger Ltd (ASX: CGF)

This ASX 200 financial stock will pay a fully-franked dividend of 17.5 cents per share on 17 September.

Challenger shares go ex-dividend on Tuesday, 25 August.

Telstra Group Ltd (ASX: TLS)

This ASX 200 telco will pay a 90% franked dividend of 10.5 cents per share on 24 September.

The ex-dividend date is Wednesday, 26 August.

Lottery Corporation Ltd (ASX: TLC)

This ASX 200 consumer discretionary share will pay a 100% franked dividend of 8.5 cents per share on 24 September.

Lottery Corp shares go ex-dividend on Wednesday, 26 August.

JB Hi-Fi Ltd (ASX: JBH)

This ASX 200 retail share will pay a 100% franked dividend of $1.27 per share on 11 September.

JB Hi-Fi shares go ex-dividend on Thursday, 27 August.

SRG Global Ltd (ASX: SRG)

This ASX 200 industrial stock will pay a 100% franked dividend of 4 cents per share on 11 September.

The ex-dividend date is Thursday, 27 August.

Ebos Group Ltd (ASX: EBO)

This ASX 200 healthcare share will pay a 97% franked dividend of 63.7 NZD cents per share on 18 September.

Ebos shares go ex-dividend on Thursday, 27 August.

REA Group Ltd (ASX: REA)

This ASX 200 communications share will pay a fully-franked dividend of $1.73 per share on 11 September.

The ex-dividend date is Thursday, 27 August.

Beach Energy Ltd (ASX: BPT)

This ASX 200 energy stock will pay a fully-franked dividend of 2 cents per share on 30 September.

The ex-dividend date is Friday, 28 August.

Orora Ltd (ASX: ORA)

This ASX 200 materials stock will pay an unfranked dividend of 4 cents per share on 6 October.

The ex-dividend date is Friday, 28 August.

Iress Ltd (ASX: IRE)

This ASX 200 tech stock will pay a 100% franked dividend of 14 cents per share on 28 September.

The ex-dividend date is Friday, 28 August.

The post 16 ASX 200 shares with ex-dividend dates next week appeared first on The Motley Fool Australia.

At the close of the ASX on Thursday afternoon, the ASX telco stock had tumbled around 1% and ended the day at an annual low of just $4.71 a piece.

The shares are now down over 6% since the company posted its FY26 update last week, and have now shed around 16% of their value from a 10-year high of $5.55 recorded in mid-May.

For the year to date, Telstra shares are down around 4%.

What pushed Telstra shares to a fresh low this week?

It looks like the telco's FY26 results announcement last week was the catalyst. 

The company posted a 0.8% decline in revenue, a 4.9% increase in NPAT, and a 4% increase in EBITDA.

Telstra also posted a final dividend of 10.5 cents per share with 90.48% franking, up 10.5% from the 9.5 cents with 100% franking paid in FY25.

The company also announced a further on-market share buyback of up to $1 billion. Telstra completed its $1.25 billion on-market share buyback in June. 

In FY 2027, Telstra expects continued underlying EBITDA growth with an earnings guidance range between $8.5 billion and $8.8 billion.

It looks like the results were a miss versus expectations, and investors weren't too thrilled. They've continued taking their gains off the table following a huge rally earlier this year.

So, what's next?

Here's what the experts have to say.

Here's the outlook for Telstra shares over the next 12 months

It looks like analysts and brokers are reserved about the outlook for the telco stock following its results.

Market Index data shows that the majority of brokers have a hold rating on the shares. But the $5.06 average target price now implies around an 8% upside at the time of writing.

Similarly, on TradingView, the majority of analysts also have a hold rating on Telstra shares. The average $5 target price implies around a potential 7% upside at the time of writing. But the range between the minimum and maximum is quite large. Some think the shares could fall another 10% to $4.20, and others think the shares could jump 17% higher to $5.50 a piece, over the next 12 months.

Morgans confirmed its hold rating and $5 target price on Telstra shares following the announcement. The broker said the result and FY27 guidance are largely as expected, with FY26 itself coming in at the middle-to-top end of guidance.

Bell Potter agrees that the Telstra result is largely in line with expectations, although total income and NPAT were softer than forecasts. The broker has a hold rating but lowered its target price to $4.80.

The post Telstra shares hit fresh 52-week low: What's next for the ASX 200 telco stock? appeared first on The Motley Fool Australia.

As the old adage says, failing to plan is planning to fail.

The good news is that even if you start relatively late, there are strategies you can use to boost your super to a level where it will afford you a comfortable retirement.

How much superannuation do you need for $1500 per week in passive income?

Today we're looking at the scenario where you are aiming to generate $1500 per week in passive income from your superannuation.

So to start with, is this considered a comfortable retirement? The short answer is yes.

The Association of Superannuation Funds of Australia has calculated how much is needed for singles and couples to have a comfortable retirement, and the figures come out at $55,923 for singles and $78,566 per year for couples.

These figures assume you own your own home and will draw a part pension, but they are well under the $1500 per week, or $78,000 per year level we are looking at.

So, how much superannuation would you need to generate this amount?

Let's assume you can generate a 10% return on your investments. In this case, you'd need a $780,000 superannuation balance.

If you were generating just 5% you would need a balance of $1.56 million.

I'd argue that somewhere in the middle is achievable over time. So if you were generating a 7.5% return, you'd need a balance of $1.04 million.

What shares might help you achieve your passive income goal?

In terms of the shares you might want to have in your portfolio, you could look at listed investment trusts such as Charter Hall Retail REIT (ASX: CQR), which brokers expect to pay a return of better than 6% through to 2030, or Dexus Industria REIT (ASX: DXI), which is currently paying a healthy 6.97% yield.

Alternatively, financial services company Regal Partners Ltd (ASX: RPL) is paying a fully franked 7.42%.

Among the Wilson Asset Management funds, WAM Strategic Value Ltd (ASX: WAR) is paying a yield of 5.65%, while WAM Active Ltd (ASX: WAA), recently increased its dividend and is paying out 6.94%.

Among the banks, Westpac Banking Corp (ASX: WBC) is paying 4.35% fully franked, while Bank of Queensland Ltd (ASX: BOQ) is paying 6.19% also fully franked.

Among Australian blue-chip stocks, Telstra Ltd (ASX: TLS) is paying 4.39%, and miner BHP Group Ltd (ASX: BHP) is paying 3.19%.

How to increase your superannuation balance

If you're keen to increase your superannuation balance, investigate the viability of making extra concessional contributions up to the $32,500 cap, with these contributions taxed at just 15%.

The $32,500 cap includes any contributions from your employer and amounts contributed through salary sacrifice.

If your superannuation balance was under $500,000 in the last financial year, you can also carry forward up to five years' worth of unused concessional contribution amounts. You can find out how much you can contribute under this rule by logging in to your myGov account.

Non-concessional contributions of up to a further $130,000 can be made each year also.

The post How much is needed in superannuation for $1500 in weekly passive income? appeared first on The Motley Fool Australia.

As we covered at the time, Telstra's share price dropped a hefty 3.2% on earnings day, and, at $4.70 a share at the time of writing, is now down almost 6% from where it was at market close on 12 August.

Perhaps investors were expecting better than the 0.8% drop in revenues that Telstra revealed, or the 4.9% bump in underlying net profit after tax (NPAT) of $2.5 billion.

But most investors who own Telstra shares do so not for this telco's growth potential, but for its dividend income firepower.

For its entire history as a public company, Telstra has been renowned for its fat, and usually fully-franked dividends. It is considered one of the ASX's most reliable income payers, and usually offers a yield at the top end of what most ASX blue chips can offer.

So today, let's discuss what kind of yield one can expect from buying Telstra shares today.

Telstra shares: What kind of dividend yield is on the table?

So, over the past 12 months, Telstra has forked out two dividend payments. The first was last September's final dividend worth 9.5 cents per share. That one came with full franking credits attached. The second was March's interim dividend, worth 10.5 cents per share. For the first time in a long time (perhaps ever), that dividend only came partially franked at 90.48%.

This annual total of 20 cents per share in dividends gives Telstra the 4.26% yield we see the telco trading at today.

However, now that we know what Telstra's final dividend for 2026 looks like, we can update that figure. Last week, Telstra announced that its next dividend would be worth 10.5 cents per share. That's a coincidental 10.5% hike over 2025's final dividend, bringing it in line with March's interim dividend. Like the payout, though, this one will also come partially franked at 90.48%.

This new annual total of 21 cents per share in dividends means we can assign Telstra a forward dividend yield of 4.46%. However, that will only hold if Telstra's next interim dividend at least matches the one we saw back in March. Given this company's track record, that seems very possible. But nothing is ever certain on the ASX. Let's see what happens next year.

The post Buying Telstra shares? Here's the yield you'll get today appeared first on The Motley Fool Australia.

For me, the best opportunities are businesses that can keep growing over time while giving shareholders something along the way.

Here are three I would be happy to buy today.

Telstra Group Ltd (ASX: TLS)

Telstra has become a business I am increasingly comfortable owning for the long term.

Connectivity is now essential for households and businesses, and Telstra remains focused on strengthening its position in mobile and other core services.

Its Connected Future 30 strategy is targeting mid-single-digit compound annual growth in cash earnings through to FY30. I like that ambition because Telstra does not need spectacular growth to produce a good outcome for shareholders. Steady earnings growth can support higher dividends and give the share price room to rise over time.

There are also opportunities beyond simply adding more mobile customers. Telstra is investing in areas such as its intercity fibre network, satellite connectivity, and technology that can improve how customers use its services.

Management has also made a sustainable and growing dividend an important part of its plans.

For me, Telstra offers a nice combination of recurring demand, income, and steady long-term growth.

Woolworths Group Ltd (ASX: WOW)

Woolworths is another business I would be happy to own for years.

Groceries account for a meaningful part of household spending, giving the company a large base of customers who return regularly.

What interests me is how Woolworths can make that enormous existing business better. The company has invested heavily in its supply chain, including automated distribution centres designed to move products into stores faster and make replenishment more efficient. Its Moorebank precinct in Sydney is a major investment that gives the business modern infrastructure to support its operations for many years.

I think those investments can help Woolworths improve convenience, build stronger customer relationships, and gradually grow earnings over time.

The supermarket giant also has a long history of paying dividends, adding an income component to the investment case.

Macquarie Group Ltd (ASX: MQG)

Macquarie has a wide range of opportunities ahead.

This ASX share operates across asset management, commodities and financial markets, banking, advisory, and investing. Its global reach also means its fortunes are not tied solely to the Australian economy.

I particularly like Macquarie's exposure to long-term investment themes through its asset management and infrastructure activities.

The world needs enormous amounts of capital for areas such as renewable energy, digital infrastructure, transport, and other essential assets. Macquarie has spent decades building expertise in finding, financing, and managing these types of investments.

Its Commodities and Global Markets business provides another earnings engine by helping clients manage risks and access markets around the world.

Macquarie's earnings can move around with market conditions and investment activity, but I think its ability to find opportunities across countries and asset classes gives it plenty of room to keep creating value over the long term.

Foolish takeaway

I think the best blue-chip shares are those that can keep finding ways to become better businesses over time.

Telstra, Woolworths and Macquarie already have strong positions in their respective markets, but I can still see opportunities for each to grow from here.

That is why I would be happy to buy them today and hold on for the years ahead.

The post Why I'd buy Telstra, Woolworths, and Macquarie shares appeared first on The Motley Fool Australia.

As earnings season continues, top broker Morgans has issued some new ratings on ASX 200 shares.

Let's check them out.

Aristocrat Leisure Ltd (ASX: ALL)

The Aristocrat Leisure share price is $63.30, down 1.9% today and down 10.3% over 12 months. 

Morgans has downgraded this ASX 200 consumer discretionary share from buy to accumulate.

The broker said: 

We attended the Australasian Gaming Expo (AGE) in Sydney last week, which serves as the key annual showcase for the region's major slot machine manufacturers.

Alongside meetings with other suppliers and operators, we attended a Q&A session with ALL management and took a guided tour of its product.

Land-based momentum looks solid to us. ALL continues to push new titles onto its existing cabinets while laying the groundwork for the next wave of hardware and the content that comes with it.

Despite the stock trading on c.23x forward PER with a c.2% yield, we continue to see upside potential given the strong momentum entering peak season.

However, following recent share price strength, we revise our rating to Accumulate with a 12-month target price of A$70.00 (prev. A$67.00).

Telstra Group Ltd (ASX: TLS)

The Telstra share price is $4.74, down 1.5% today and down 4% over 12 months. 

Telstra shares fell 5.2% after the telco released its full-year FY26 results last Thursday.

Morgans has a hold rating on this ASX 200 telecommunications share. 

The broker said: 

TLS's FY26 result and FY27 guidance were largely as expected, with FY26 itself coming in at the middle-to-top end of guidance.

This largely in-line result wasn't enough for the marginal buyer and TLS shares ended the day down 3%.

We lift FY27/28 EPS by ~4%. Our target price is reduced to $5 as we remove our previously applied premium to valuation.

Hold recommendation retained.

ANZ Group Holdings Ltd (ASX: ANZ)

The ANZ share price is $37.45, down 1.1% today and up 15% over 12 months. 

ANZ shares rose 4.5% after the bank released its 3Q FY26 update last Thursday.

Morgans maintained its trim rating on this ASX 200 bank share. 

The broker said: 

Underlying earnings growth, delivery of cost decline and low bad debts were a feature of the trading update, with lifting momentum behind revenue growth.

Forecast changes are immaterial. 12-month target price reset to $33.53/s.

TRIM retained, with potential TSR at current prices of c.-9% (including 4.4% yield).

The post Buy, hold, sell: Aristocrat, Telstra, ANZ shares appeared first on The Motley Fool Australia.

But exactly how much superannuation do you need to be able to earn passive income as high as $50,000 every single year?

Let's investigate.

How much do I need in my superannuation to generate an annual $50,000 passive income?

The calculation is simple. You need to divide your annual passive income by the dividend yield of your total portfolio, and it'll give you the amount you'll need to invest.

The tricky part is that the answer varies significantly depending on your portfolio's actual yield.

That means a 3% yielding superannuation portfolio would need to be double the size of one that yields 6%.

For $50,000 in passive income on a portfolio yielding 3%, you'd need a superannuation balance of around $1.66 million, because $50,000 ÷ 3% = $1,666,666.

Then, if your portfolio yields closer to 4%, you'd need a superannuation balance closer to $1.25 million to earn the same passive income.

To earn $50,000 per year on a 5% yielding portfolio, your balance would need to be around $1 million.

Increase that to 6%, and you'd need more like $833,000.

If you go higher again to 7% or 8%, you'd be able to earn $50,000 in annual passive income from a $714,000 or $625,000 balance, respectively.

And so on. The higher your yield is, the lower your superannuation balance needs to be.

Can't I just invest in the highest-yielding ASX shares so that I can earn the same amount off of a lower superannuation balance?

Yes, but it doesn't make good investment sense. 

When it comes to ASX dividend shares, generally the higher the yield, the higher the risk associated with that stock.

Ideally, you want a diversified portfolio of a range of good-quality ASX shares from different sectors and with a variety of different yields. 

And remember, you don't need to invest the whole sum in one go. Start with a monthly investment and let compound growth do some of the hard work for you.

Give me some examples of ASX shares that I could look at

ASX blue-chip shares like BHP Group Ltd (ASX: BHP), Commonwealth Bank of Australia (ASX: CBA), and CSL Ltd (ASX: CSL) all yield around the 3% level.

If you want something that yields a little higher, at around 4% or 5%, my picks would be something like Telstra Group Ltd (ASX: TLS), Endeavour Group Ltd (ASX: EDV) and NIB Holdings Ltd (ASX: NHF).

Then, for higher-yielding ASX shares, my picks would be APA Group (ASX: APA), Metcash Ltd (ASX: MTS), Fortescue Ltd (ASX: FMG), or Lendlease Group (ASX: LLC). At the time of writing, these shares yield between 6% and 8%.

The post How much do I need in my superannuation to earn $50,000 per year in passive income? appeared first on The Motley Fool Australia.

Could Telstra keep falling to a new 52-week low? Or has the market overreacted and the business could rise from here?

Let's look at what analysts currently predict for the Telstra share price.

Expert views on the ASX telco share

According to CMC Invest, there have been nine ratings on the business within the last three months.

Of those ratings, two were a buy rating, six were a hold rating, and one was a sell rating. So, on average, those nine ratings are largely neutral.

However, the average price target does suggest potential possible gains over the next year.

A price target is where the analyst thinks the share price will be trading in 12 months from the time of the investment call. Of course, a price target is not a guaranteed return, just where analysts think the share price will trade.

According to CMC Invest, the average price target of those nine analysts is $5.06. That implies a possible rise of 5% from where it is at the time of writing.

The most optimistic price target suggests a possible rise of 14% over the next year, while the most negative price target implies a possible decline of 4%.

Can the Telstra share price justify growth?

A key factor to influence whether the ASX telco share can deliver capital growth is what happens with its earnings.

The business has guided that profit could rise in the 2027 financial year.

Telstra has guided that the business could grow its operating profit (EBITDAaL) by between 1.9% to 5.5% to a range of $8.5 billion to $8.8 billion. Meanwhile, cash earnings (EBIT) could rise by between 1.9% to 6.2% to a range of $4.75 billion to $4.95 billion.

Low single-digit growth is not likely to excite the market. However, mid-single-digit earnings growth may be enough to send the Telstra share price higher to the analysts' price target of $5.06 (or more).

According to the projection on CMC Invest and using the current Telstra share price valuation, it's valued at 22 times FY27's estimated earnings, with a potential grossed-up dividend yield of 6.3%, including franking credits.

It may not be the strongest performer within the S&P/ASX 200 Index (ASX: XJO) over the next 12 months, but it could produce a market-beating return through a combination of capital growth and dividends.

However, there may be even better ASX share ideas out there.

The post How much could the Telstra share price rise in the next year? appeared first on The Motley Fool Australia.

Solid results are being sold, and weak guidance is being punished without mercy.

The S&P/ASX 200 Index (ASX: XJO) has now fallen for four consecutive sessions, closing Monday at 9,073.2 points.

Here are five lessons from the first half of August.

Lesson 1: FY26 was fine, FY27 is the problem

Company after company has delivered a respectable full-year result, only to watch its share price fall on their expected outlook.

JB Hi-Fi Ltd (ASX: JBH) is the clearest example.

The company reported record FY26 sales of $11.06 billion and lifted its dividend 22.5% to 337 cents per share.

The shares still crashed 12.3% on Monday, their worst day on record, after July comparable sales came in negative.

SEEK Ltd (ASX: SEK) was a similar story.

Revenue rose 10% to $1.2 billion and adjusted net profit jumped 28% to $199.1 million.

However, the shares fell 14.4% because FY27 guidance implied only single-digit growth from here.

Lesson 2: The consumer is the story of this reporting season

The most valuable information this month has come from trading updates, with consumer-facing stocks being particularly hard hit.

Premier Investments Ltd (ASX: PMV) cut its FY26 earnings guidance and posted its first annual sales decline in years.

Similarly, Super Retail Group Ltd (ASX: SUL) fell in sympathy with both.

The banks have not been immune either.

Commonwealth Bank of Australia (ASX: CBA) revealed that mortgage applications had fallen 15% since the May Budget, with investor applications down 28%.

National Australia Bank Ltd (ASX: NAB) also reported the same 15% decline in its third-quarter update.

Lesson 3: Capital returns are flowing freely

The operating outlook may be cautious, but corporate balance sheets are not.

Telstra Group Ltd (ASX: TLS) announced a fresh $1 billion buyback and lifted its full-year dividend 10.5% to 21 cents.

JB Hi-Fi raised its payout ratio to 75% of net profit.

For its part, Suncorp Group Ltd (ASX: SUN) added a 10 cent special dividend alongside a buyback of up to $250 million.

More than $2 billion of buybacks have been announced in the past fortnight alone.

Lesson 4: Being big does not protect you

CBA delivered a cash profit of $10,982 million, up 7.1%, and lifted its full-year dividend to $5.05. The shares fell 2.2% the following session anyway.

Telstra grew underlying EBITDAaL 4% to $8,341 million and still closed 3.2% lower on results day.

When expectations are already high, a good result may not always be enough.

Lesson 5: Volatility is at extraordinary levels

SEEK fell 14.4% to $13.76 on results day.

Two sessions later it rose 9.1% to $15.18.

Nothing changed about that business in 48 hours. The market simply changed its mind about what the FY27 guidance actually meant for investors, which tells you how thin conviction is across the market right now.

The reporting season week ahead

The next few days are the busiest of the entire reporting season.

BHP Group Ltd (ASX: BHP), CSL Ltd (ASX: CSL), Cochlear Ltd (ASX: COH) and Pro Medicus Ltd (ASX: PME) all report on Tuesday.

Goodman Group (ASX: GMG) follows on Thursday.

Fortescue Ltd (ASX: FMG), Coles Group Ltd (ASX: COL), Woolworths Group Ltd (ASX: WOW) and Wesfarmers Ltd (ASX: WES) are all due before the end of the month.

Foolish takeaway

The pattern running through this reporting season is consistent enough to be useful.

Backward-looking numbers are being ignored, whereas forward-looking commentary is moving share prices significantly.

For long-term investors, this environment creates opportunity.

Quality businesses are being marked down heavily on a single soft quarter of trading.

The trick is to separate a cyclical wobble from a longer-term problem and identify ASX stocks that have been unfairly marked down.

The post Reporting season half-time report: 5 lessons from August so far appeared first on The Motley Fool Australia.

Australians have a variety of investment options for generating income in retirement. Bonds, term deposits, dividend shares and property are all options for passive income.

I think shares are best placed to provide good passive income because they can offer both a good dividend yield and rising payouts driven by profit growth.

Term deposits and bonds offer a fixed return, while the net rental yields from residential property are not particularly appealing to me.

So, let's explore using ASX shares to generate the six-figure annual sum.

Retire on $100,000 of income at 60

Every household has different spending requirements and retirement goals, but $100,000 would be a pleasing level of investment income for most households.

If we invest well, someone could start their retirement with $100,000 of income, and those payouts could steadily grow over time.

Investors wanting $100,000 per year will need a sizeable portfolio, with the exact amount depending on the investment portfolio's dividend yield.

If an investor had assets that had an average dividend yield of 5%, they would need a portfolio size of $2 million. If someone wanted to retire on $100,000 per year and they had $1.5 million, we'd be talking about a dividend yield of approximately 6.66%.

Investors may be wondering what sorts of investments could deliver that sort of dividend yield.

Passive dividend income ideas

Many Aussie investors are probably aware of, and perhaps invested in, Vanguard's most popular option, which focuses on ASX shares: Vanguard Australian Shares Index ETF (ASX: VAS). This ASX ETF gives exposure to 300 of the largest businesses on the ASX.

For investors specifically targeting passive income, Vanguard Australian Shares High Yield ETF (ASX: VHY) focuses on larger high-yielding ASX shares.

Other popular options for passive dividend income include Australian Foundation Investment Co Ltd (ASX: AFI) and Argo Investments Ltd (ASX: ARG), two of the largest and oldest listed investment companies (LICs).

The benefit of the four options I mentioned above is that they offer fairly diversified portfolios, with significant exposure to stable, ASX blue-chip shares and sizeable dividend yields.

I think they're all solid options to consider for dividend yields of around 5%. I'd also highlight a couple of real estate investment trusts (REITs), such as Rural Funds Group (ASX: RFF) and Centuria Industrial REIT (ASX: CIP), that have reliable payout records, organic revenue growth, distribution yields of just over 5% and trade at appealing prices.  

But, there are a few stocks that I believe could be compelling options to buy for a dividend yield of approximately 6.7%, while also providing payout consistency (and potentially growth).

Some of the ideas that come to mind include the LICs Future Generation Australia Ltd (ASX: FGX), Future Generation Global Ltd (ASX: FGG) and WCM Global Growth Ltd (ASX: WQG), as well as the REITs Charter Hall Long WALE REIT (ASX: CLW) and Dexus Industria REIT (ASX: DXI).

Some operating Australian companies, such as Telstra Group Ltd (ASX: TLS), are also options to consider for passive income.

The post How much do I need to retire on $100,000 a year at 60? appeared first on The Motley Fool Australia.

For me, I would want businesses capable of increasing their earnings over time, but I would also place plenty of weight on dependable cash flows, dividends, diversification and companies that can hold up reasonably well through different economic environments.

With that in mind, here is how I would think about building a 10-share ASX retirement portfolio.

Start with dependable income

I would want a meaningful part of the portfolio invested in companies with relatively predictable cash flow.

Telstra Group Ltd (ASX: TLS) would be one of my first choices. Australians are unlikely to stop needing mobile and internet services in retirement, recessions or booming markets, giving Telstra a large base of recurring revenue.

I would add Transurban Group (ASX: TCL) for exposure to long-life toll road infrastructure. Traffic growth and regular toll increases can help its cash flows rise over time.

APA Group (ASX: APA) would give my retirement portfolio another source of infrastructure income through its extensive energy network.

For exposure to the banking sector, I would probably choose Commonwealth Bank of Australia (ASX: CBA). Its strong market position and history of paying substantial dividends make it a natural retirement candidate in my view.

Add defensive businesses

I think a retirement portfolio also needs defensive companies whose products and services remain important regardless of the economic backdrop.

Coles Group Ltd (ASX: COL) fits that description for me. People need groceries in almost every economic environment, while its supermarket network gives the company a large and established position in Australian retail.

I would also include CSL Ltd (ASX: CSL). Healthcare demand can be resilient, while CSL's global operations and long-term growth opportunities give the portfolio something more than income alone. It also currently offers a reasonable dividend yield.

Then there is Wesfarmers Ltd (ASX: WES). Businesses such as Bunnings and Kmart give Wesfarmers exposure to some of Australia's strongest retail brands, while management has a long record of investing capital across different opportunities.

Keep some growth in the portfolio

Retirement could last for decades, so I would not want to give up on growth.

Goodman Group (ASX: GMG) would be one of my preferred choices here. Its logistics property portfolio already gives it exposure to high-quality global assets, while data centres could become an increasingly important growth engine.

I would also include TechnologyOne Ltd (ASX: TNE). Its recurring software revenue, expanding international presence and long customer relationships give it the kind of compounding potential I would be happy to own for many years.

Finally, I would add Pro Medicus Ltd (ASX: PME). Its medical imaging software has gained significant traction with major healthcare organisations, and I think its international growth runway remains substantial.

These growth shares may not provide the largest dividends today, but they can help the portfolio's earnings base grow over time.

Foolish takeaway

For me, a strong retirement portfolio needs to provide dependable income today, businesses capable of protecting that income, and enough growth to help the portfolio keep pace with a retirement that could last 20 years or 30 years.

I think this mix would give me all three.

The post How to build a strong ASX retirement portfolio with 10 shares appeared first on The Motley Fool Australia.

I'd prefer to invest in a business when it's cheaper rather than more expensive. I can understand that investors may have been hoping for more from the business when it announced its FY26 result and revealed guidance for FY27, but this seems like a good time to put money to work.

When a valuation is cheaper, I think investors are more likely to see positive returns. Let's look at three of the positives about the Telstra share price right now.

Earnings growth

The company reported a decent set of numbers in the FY26 result, with operating profit (EBIT) growth of 1.7% to $4 billion, net profit after tax (NPAT) growth of 2.7% to $2.4 billion, and earnings per share (EPS) growth of 5.3%. Cash EBIT grew 8% to $4.7 billion and cash EPS increased 13.8% to 25.5 cents.

The result was driven by the mobile division, with a 3% rise in income to $11.4 billion, and a 3% increase of operating profit (EBITDA) to $5.4 billion amid a 3.7% increase in the average revenue per user (ARPU), and a 1.9% increase in mobile handheld users.

Excitingly, the business has guided further growth in the 2027 financial year. It has suggested that operating profit (EBITDAaL) could grow between 1.9% to 5.5%, while cash EBIT could climb between 1.9% to 6.2%.

I think the company has been impressive over the last few years, delivering a mixture of user growth and ARPU growth. Australia continues to need mobile services, and this is helping drive user demand, giving the company scale benefits that's helping the bottom line.

Telstra share buyback

With the FY26 result, the business announced that it would carry out a share buyback of up to $1 billion, on top of the $1.25 billion share buyback that it completed during FY26.

When carried out at a good share price, Telstra can improve the value of each share for investors.

It reduces the number of shares that the earnings and dividend are being shared across. That's why Telstra's net profit rose 2.7% and the EPS grew much faster, at a rate of 5.3% in FY26.

The share buyback will also reduce Telstra's equity, which will help statistics such as the return on equity (ROE).  

It's trading close to its 52-week low, so this seems like a good time to enact the buyback.

Dividend yield

Capital growth isn't certain, particularly when the wider share market can be volatile sometimes.

Dividends can form an important part of the overall return and Telstra continues to reward shareholders with solid dividends.

If it repeated its FY26 annual dividend of 21 cents per share, it would provide a grossed-up dividend yield of 6.1%, including franking credits, at the current Telstra share price.

I'm optimistic the Telstra dividend will increase again in FY27, partly due to the share buyback.

The post 3 reasons why the Telstra share price is a buy appeared first on The Motley Fool Australia.

I also think there are other businesses with the right foundations to keep rewarding shareholders for many years.

Here are three I would consider buying.

Telstra shares

Telstra stands out to me because mobile and internet services have become such an important part of everyday life.

Households and businesses need reliable connectivity regardless of what is happening in the economy. That gives Telstra a large base of recurring customer spending and, in my view, a strong foundation for future dividends.

I also think the business has room to keep growing steadily.

Telstra remains heavily invested in its mobile network, while its Connected Future 30 strategy is targeting continued growth in cash earnings through to the end of the decade. Importantly for income investors, management has made a sustainable and growing dividend one of its ambitions.

For me, that is what I would want from a passive income investment. Telstra can potentially provide income today while gradually increasing the amount shareholders receive as the business grows.

Transurban Group (ASX: TCL)

Transurban is another business I think is naturally suited to passive income.

It operates major toll roads across Sydney, Melbourne, Brisbane, and North America. These are long-life infrastructure assets used by commuters, freight operators, and businesses every day.

What I like is how revenue can grow over time. Traffic can increase as cities expand, while many of Transurban's toll arrangements include regular price increases linked to inflation or predetermined escalation rates.

That gives the ASX dividend share a relatively straightforward way to generate more cash from assets it already owns.

The roads themselves also have lengthy concession periods, which gives Transurban visibility over the cash flows those assets could produce for many years.

I think that combination of essential infrastructure, growing traffic, and toll increases provides an attractive foundation for future dividends.

APA Group (ASX: APA)

APA is my final passive income pick. It owns infrastructure that moves and stores energy across Australia, including major gas pipelines, electricity transmission assets, and generation infrastructure.

I like the nature of these assets because customers often reserve pipeline capacity under contracts rather than APA relying entirely on movements in energy prices. Its tariff structures also provide for long-term firm transportation arrangements across parts of its network.

There should also be opportunities for APA to keep investing as Australia's energy system changes. The company is expanding its East Coast Gas Grid to address expected supply constraints and has indicated that further investment could be required into the 2030s.

I think that growth can work well alongside the income case. New infrastructure can add another source of cash flow, while APA has continued balancing investment in its pipeline with dividends to shareholders.

Foolish Takeaway

Telstra, Transurban, and APA all own infrastructure or networks that Australians rely on regularly.

That recurring demand is what attracts me most from a passive income perspective. It gives each business a strong reason to keep generating cash and, over time, potentially increase the amount returned to investors.

I would be comfortable buying any of these ASX dividend shares for long-term passive income.

The post Why I'd buy Telstra and these ASX dividend shares for passive income appeared first on The Motley Fool Australia.