2 of the best ASX dividend shares to buy for dependable passive income

Investors looking for dependable passive income don’t need to look far on the ASX.

While plenty of shares offer attractive yields, only a handful combine income reliability with strong underlying businesses and long-term stability.

Two standouts right now are the blue-chip names listed below that continue to deliver consistent dividends through almost every economic cycle.

Here’s why analysts think they could be among the best dividend shares to buy today.

Woolworths Group Ltd (ASX: WOW)

Woolworths has long been one of the safest income stocks on the ASX, and it isn’t hard to understand why. As Australia’s dominant supermarket operator, it benefits from steady, recurring demand for essential household items.

Whether the economy is booming or busting, customers continue to buy groceries, baby products, cleaning supplies, and everyday necessities. That dependable spending base translates into predictable earnings and, in turn, reliable dividends.

Woolworths continues to invest heavily in digital upgrades, online ordering, logistics, automation, and data-driven retail innovations. These investments are helping the company defend its market share and improve long-term profitability, even as customers become more price conscious. Its scale, brand strength, and supply-chain capabilities give it enduring competitive advantages that smaller competitors simply can’t match.

Bell Potter thinks a buying opportunity has opened up following sustained share price weakness. It has put a buy rating and $30.70 price target on its shares.

As for income, it is forecasting fully franked dividends of 91 cents per share in FY 2026 and then 100 cents per share in FY 2027. Based on its current share price of $28.08, this would mean dividend yields of 3.25% and 3.55%, respectively.

Transurban Group (ASX: TCL)

Transurban is another ASX dividend share that income investors should keep on their radar. As the operator of major toll roads across Sydney, Melbourne, Brisbane, and North America, the company enjoys one of the most predictable revenue streams on the market.

Traffic volumes tend to grow steadily over time as populations increase and cities expand, giving Transurban strong long-term cashflow visibility.

The company’s assets are supported by long-term concession agreements, often stretching decades into the future, which provide a high degree of certainty around future toll revenue. This stability allows Transurban to return meaningful distributions to shareholders year after year.

And as inflation rises, toll escalators built into many of its contracts help naturally lift revenue. Combined with development projects, its long-term dividend outlook looks very rosy.

Citi currently has a buy rating and $16.10 price target on its shares.

With respect to income, it is forecasting dividends per share of 69.5 cents in FY 2026 and then 73.7 cents in FY 2027. Based on its current share price of $14.82, this would mean dividend yields of 4.7% and 5%, respectively.

The post 2 of the best ASX dividend shares to buy for dependable passive income appeared first on The Motley Fool Australia.

More reading

• Age Pension worries? 7 income stocks to consider for retirement
• How to make $50,000 of passive income a year from ASX shares
• Top Australian stocks to buy right now with $5,000
• Buy these ASX dividend shares for 4% to 7% yields
• Thank goodness I didn’t invest $5,000 in Woolworths shares 4 years ago

Citigroup is an advertising partner of Motley Fool Money. Motley Fool contributor James Mickleboro has positions in Woolworths Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Transurban Group. The Motley Fool Australia has positions in and has recommended Transurban Group and Woolworths Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.