3 great ASX dividend shares to buy in 2026

Australians have a wide selection of ASX dividend shares that can provide reliable and growing passive income.

The biggest dividend yields aren’t necessarily the only ones worth looking at, though one of the names I’ll look at today does have a very high yield.

Businesses that reward investors with rising dividends are very appealing to me. The below are three with impressive dividend growth records.

Washington H. Soul Pattinson and Co. Ltd (ASX: SOL)

Soul Patts is the leader on the ASX that when it comes to dividend growth. The business has grown its annual regular dividend every year since 1998.

It has the smallest payout out of the three names in this article, with a grossed-up dividend yield of 3.9%, including franking credits.

But, I have the most confidence in this ASX dividend share growing its payout because of how it’s funded by the cash flow of its investment portfolio.

It’s invested in industries such as industrial properties, building products, resources, telecommunications, swimming schools and agriculture.

By generating profit from numerous sectors, it has diversified its risks and looked broadly for opportunities. This helps secure its future cash flow generation and dividend payments.

Rivco Australia Ltd (ASX: RIV)

Rivco owns a portfolio of permanent water entitlements based in south east Australia. The water can be leased to farmers on short-term or long-term leases, generating lease income for the company.

This ASX dividend share is a pleasing way to benefit from Australia’s agricultural sector without some of the risks/volatility.

If water values increase over time, which I think they will, then the company can deliver capital growth too.

The business has increased its payout every six months since 2017, and currently has a grossed-up dividend yield of 6.9% (including franking credits).

Shaver Shop Group Ltd (ASX: SSG)

Shaver Shop sells a wide variety of male and female hair removal products from its store network of more than 120 locations.

The ASX dividend share has proven to have resilient sales during the last few years, showing consistent demand for its items. Hair doesn’t stop growing, after all.

One of the most pleasing aspects of the ASX dividend share’s business model is that it has made agreements with multiple shaver brands, unlocking exclusive products for consumers.

Impressively, the business grew its annual dividend per share each year between 2017 and 2023. It maintained the payout in 2024 and then increased the payout in 2025 to 10.3 cents per share.

At the current valuation, the FY25 payout translates into a grossed-up dividend yield of 9.4%, including franking credits. Growth is not guaranteed, but if it does increase the payout to 10.4 cents per share, it would represent a grossed-up dividend yield of 9.5%, including franking credits. That sounds like very pleasing passive income to me.

The post 3 great ASX dividend shares to buy in 2026 appeared first on The Motley Fool Australia.

More reading

• 2 ASX shares I’m planning to own until I’m 100
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• These ASX shares won big last year and are still excellent buys for 2026
• These ASX dividend stocks are built to keep paying and paying

Motley Fool contributor Tristan Harrison has positions in Rivco Australia and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended Shaver Shop Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.