The ASX shares I’d buy for passive income in April and beyond

A woman standing in a blue shirt smiles as she uses her mobile phone.

Passive income can mean different things to different investors. For me, it is about building a stream of dividends that I can rely on over time, rather than chasing the highest yield available today.

That usually leads me toward businesses with steady cash flow, resilient demand, and a track record of returning capital to shareholders.

Here are three ASX shares I would consider for passive income in April and beyond.

Telstra Group Ltd (ASX: TLS)

Telstra is one of the more straightforward income plays on the ASX. It operates critical telecommunications infrastructure that underpins how Australians connect, work, and consume data. That creates a large and relatively stable customer base.

What I like most is the consistency. Mobile plans, broadband services, and enterprise contracts all contribute to recurring revenue, which supports earnings visibility. That, in turn, helps underpin its dividend.

Telstra may not deliver rapid growth, but I think it offers a level of stability that suits an income-focused approach.

Transurban Group (ASX: TCL)

Transurban provides a different type of income exposure. It owns and operates toll roads, which generate revenue from everyday usage. These assets are long-dated and often linked to inflation, which can help support distribution growth over time.

What I like here is the predictability. Traffic volumes can fluctuate in the short term, but over longer periods, usage tends to grow alongside population and economic activity.

The company has also been guiding to higher distributions, which reflects confidence in its underlying cash flow.

For income investors, that kind of visibility can be valuable.

Coles Group Ltd (ASX: COL)

Lastly, Coles adds exposure to everyday consumer spending. Grocery retail is not immune to competition, but demand for food and essentials remains relatively stable.

That creates a consistent revenue base, which supports earnings and dividends.

What I find appealing is the balance. Coles may not offer the highest dividend yield on the market, but it combines income with a business that people rely on regularly.

Over time, incremental improvements in efficiency and operations can also support gradual growth in earnings.

Foolish takeaway

For me, building passive income is about combining businesses that can continue generating cash flow through different conditions.

Telstra offers stable, recurring income from essential services, Transurban provides exposure to infrastructure with long-term revenue streams, and Coles adds defensiveness through everyday consumer demand.

Together, they represent the kind of foundation I would look for when building an income-focused portfolio over time.

The post The ASX shares I’d buy for passive income in April and beyond appeared first on The Motley Fool Australia.

Should you invest $1,000 in Coles Group Limited right now?

Before you buy Coles Group Limited shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Coles Group Limited wasn’t one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys…

* Returns as of 20 Feb 2026

.custom-cta-button p {
margin-bottom: 0 !important;
}

More reading

Motley Fool contributor Grace Alvino has positions in Transurban 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 Telstra Group and Transurban Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.