3 blue chip ASX shares with 4% dividend yields

Finding blue chip ASX 200 shares on our stock market that sport dividend yields north of 4% has been increasingly difficult in 2025. Last year and this year have both been quite lucrative for ASX investors, with the AX 200 up almost 14% since the end of 2023.

Whilst that has been good news for existing investors, it has had the unfortunate consequence of lowering the dividend yields on offer from many blue chip stocks. There are quite a few popular ASX 200 shares that used to offer 4% yields but no longer do. Thankfully, there are some 4%-ers still out there, though. Let’s talk about three of them today.

Three ASX 200 blue chip shares with 4% dividend yields today

ANZ Group Holdings Ltd (ASX: ANZ)

ANZ shares have been quiet winners in recent months. This ASX 200 bank stock and blue chip share has risen by nearly 40% since April’s lows. It appears investors are placing a lot of faith in new CEO Nuno Matos to turn this bank around. Whilst this share price rise has seen ANZ’s dividend yield dip below the 5% it was trading at earlier in the year, it is still well over 4% today.

Over 2025, ANZ has funded two dividends. Investors received 83 cents per share in July. The final dividend of 83 cents per share will be paid out in three days’ time. Both payments come with partial franking at 70%.

Those payments give ANZ shares a dividend yield of 4.55% today.

Rio Tinto Ltd (ASX: RIO)

The ASX’s big miners have long been renowned for their dividend prowess, and Rio Tinto is no exception. This ASX blue chip share has also provided shareholders with their typical pair of dividends this year. April saw Rio fork out a final dividend worth $3.71 per share. That was followed by a September interim dividend of $2.22 per share. Both payments came with full franking credits attached.

At the current Rio share price (at the time of writing), that gets us to a trailing dividend yield of 4.2%.

Remember, though, dividends from miners like Rio are less predictable than most, given the volatile nature of the global commodities markets. 2025’s payouts were a bit of a downgrade compared to what investors enjoyed in 2024. So who knows what the miner will pay out next year.

Transurban Group (ASX: TCL)

Finally, let’s take a look at another ASX 200 blue chip, known for its dividends, namely toll road operator Transurban. Transurban has one of the steadiest dividend records on the ASX, with the past decade seeing a pattern of reliable increases (only interrupted by the pandemic). Over the current year, investors have enjoyed a total of 65 cents per share in dividends. Those consisted of the February payment of 32 cents per share. Followed by August’s 33 cents per share.

Those give this blue chip share a trailing yield of 4.62% at current prices.

Transurban’s vast network of toll roads, which typically have prices that rise every quarter, provides investors with considerable income certainty. That being said, Transurban’s hefty payouts typically don’t come with significant levels of franking.

The post 3 blue chip ASX shares with 4% dividend yields appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. 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. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.