ASX dividend shares look even more compelling to me now than they did last year.
Inflation and interest rates seem to be on the rise in 2026, meaning that the market has sent the share prices of some businesses down quite noticeably.
Being able to buy an investment at a lower price means getting a higher dividend yield and increasing the potential long-term capital gains.
With the lower share prices in mind, I’m calling out the following names as attractive buys.
Charter Hall Long WALE REIT (ASX: CLW)
This is a real estate investment trust (REIT) that owns a wide range of properties including government properties (such as Geoscience Australia), pubs, grocery and distribution, data centres and telecommunications, service stations, food manufacturing, waste and recycling, and plenty more.
The ASX dividend share has seen its share price decline by around 20% in the past year, despite ongoing rental income growth. Around half of the property portfolio has CPI-linked rental increases with the rest having fixed annual increases.
It reported having net tangible assets (NTA) of $4.68 at 31 December 2025, suggesting there’s a significant valuation discount for investors, which is partly why the ASX dividend share’s yield is so high.
The business is expecting to pay an annual distribution per unit of 25.5 cents in FY26, which translates into a distribution yield of approximately 7%, at the time of writing.
Propel Funeral Partners Ltd (ASX: PFP)
Propel is the second largest funeral provider in Australia. It also has 41 cremation facilities and nine cemeteries.
The business is a beneficiary of Australia’s ageing and growing population, giving the business ultra-long-term morbid tailwinds. Unfortunately, the number of deaths in Australia is expected to increase by an average of 2.9% per year from 2026 to 2035 and then increase 2.4% per year from 2026 to 2045.
It’s steadily making acquisitions over the years to boost its scale and geographic presence, while also benefiting from organic growth of the average revenue per funeral. I’m expecting these tailwinds to boost its bottom line in the coming years, allowing the ASX dividend share to hike its dividend.
Its last two declared payments come to a grossed-up dividend yield of 4.9%, including franking credits, at the time of writing. The Propel share price has dropped 14% in the past month at the time of writing.
JB Hi-Fi Ltd (ASX: JBH)
JB Hi-Fi is Australia’s leading electronics retailer and it also has a growing position in appliance and other house-related items. It has three other businesses â JB Hi-Fi New Zealand, The Good Guys and E&S.
The ASX dividend share has increased its payout almost every year over the last 15 years, which is an impressive record for an ASX retail share. I’d describe the business as one of the best retailers on the ASX and I expect this performance to continue.
However, the JB Hi-Fi share price has fallen around 30% in the past six months, despite a good FY26 half-year result and ongoing sales growth in the second half of FY26. The HY26 dividend was hiked by 23.5%.
The last two declared dividends from the business come to a grossed-up dividend yield of 7.4%, including franking credits, at the time of writing.
The post 3 top ASX dividend share buys for passive income in March appeared first on The Motley Fool Australia.
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More reading
- 2 ASX REITs I’d buy today for passive income
- 35 ASX All Ords shares with ex-dividend dates next week
- JB Hi-Fi vs. Wesfarmers: Which retail stock deserves a place in your portfolio?
- Buy, hold, sell: Charter Hall Long WALE, ASX, Aussie Broadband shares
- Experts name 3 ASX dividend shares to buy
Motley Fool contributor Tristan Harrison has positions in Propel Funeral Partners. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.