Like many ASX blue chip shares on the Australian stock exchange, Coles Group Ltd (ASX: COL) is often selected as an investment thanks to its dividend income potential. Most established, mature and profitable companies on the ASX pay their investors a regular stream of dividend income, and Coles is no different.
In fact, this supermarket operator has one of the better track records of providing dividend income to its investors. Since it spun off from Wesfarmers Ltd (ASX: WES) in late 2018, the company has delivered an annual dividend hike every year since.
Saying that, it has not been all smooth sailing for Coles, and its investors over the past 12 months. Since this time last year, the grocery giant has traded as high as $24.59 a share, and as low as $20.10. At the time of writing, Coles is sitting at $23.31, essentially flat for the day.
With that in mind, let’s dive a little deeper into Coles shares and discuss what kind of dividend yield one can expect from this company right now.
So, over the past 12 months, Coles has paid out two dividends to investors, as is its habit. The first of those came in March, with Coles funding an interim dividend worth 41 cents per share. The second was September’s final dividend, which was worth 37 cents per share. Both payments came with full franking credits attached.
Coles shares: What is the current dividend yield?
This annual total of 78 cents per share for 2026 represents a healthy 13% rise over the 69 cents per share in dividend income that Coles investors enjoyed over 2025.
At the current Coles share price of $23.30, the 79 cents per share in dividends that Coles has doled out this year gives the company a trailing dividend yield of 3.35%.
However, as any prudent dividend investor knows, a trailing dividend yield only tells us what a company has paid out in the past, not what it may provide going forward. Of course, there’s no way to know what kind of dividend any company is going to pay until the company itself announces it.
Saying that, my Fool colleague Tristan recently covered analysts’ views on Coles’ 2027 dividend potential. He reported that CommSec is pencilling in a forecasted consensus of 83.5 cents per share in dividends over 2027. If accurate, that would represent a 7.05% rise over 2026’s payouts. It would also give Coels shares a forward yield of 3.58% at current prices. Let’s see if that turns out to be the case.
The post Buying Coles shares? Here’s the dividend yield you’ll get today appeared first on The Motley Fool Australia.
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Motley Fool contributor Sebastian Bowen has positions in Wesfarmers. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Wesfarmers. The Motley Fool Australia has recommended Wesfarmers. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.