ASX blue-chip shares can be among the best options for passive income because of both their dividend yields and the stability they provide.
Businesses that are market leaders in their sector can be a very effective choice because they are much stronger than competitors, with scale and margin advantages.
The two businesses below have a strong track record of paying dividends, and I expect compelling dividend payouts in the months and years ahead.
JB Hi-Fi Ltd (ASX: JBH)
JB Hi-Fi is one of the leading retailers in Australia and New Zealand, with its JB Hi-Fi Australia, JB Hi-Fi New Zealand, The Good Guys and E&S Trading businesses.
The ASX blue-chip share is arguably the market leader in electronics and appliances in Australia, and it continues to work on improving its position through new stores, increased scale, and a low-cost operating model.
JB Hi-Fi has grown its annual dividend in most years over the last 13 years, which is impressive to me for a retailer.
The business doesn’t typically trade on a high price/earnings (P/E) ratio, which means its dividend yield can be attractive.
According to Commsec’s projection, the business is forecast to pay an annual dividend per share of $3.38 in FY26. That translates into a possible grossed-up dividend yield of 5.9%, including franking credits.
Electronics and appliances remain an essential element for many households, so I expect the company can deliver fairly defensive earnings during this period of higher inflation and interest rates (again).
Telstra Group Ltd (ASX: TLS)
Telstra is Australia’s leading telecommunications business with the most subscribers, the widest network coverage and seemingly the best spectrum assets to deliver its service.
The ASX blue-chip share has leveraged its market position in Australia with regular price increases. Unlocking more revenue from the same number of subscribers should improve its margins, since costs aren’t increasing at the same pace.
Australia is becoming increasingly digital for households, businesses and government, which gives the company defensive earnings. Plus, Australia’s growing population gives the business a tailwind to win more subscribers.
According to Commsec’s projection, the business is forecast to pay an annual dividend per share of 21 cents in FY26. That translates into a possible grossed-up dividend yield of 5.8%, including franking credits.
The business has a strong chance of increasing its dividend in FY27 and is expected to raise its annual payout to 21.5 cents per share, according to projections on Commsec.
The post 2 ASX blue-chip shares offering big dividend yields appeared first on The Motley Fool Australia.
Should you invest $1,000 in Telstra Group right now?
Before you buy Telstra Group 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 Telstra Group 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 16 June 2026
.custom-cta-button p {
margin-bottom: 0 !important;
}
More reading
- How to build passive income for life from the ASX share market
- Why Telstra shares could be a top ASX buy for the new financial year
- ASX 200 retail shares outperform on growing hopes interest rates have peaked
- 3 ASX shares I’d buy and hold for my kids
- Where should I invest inside SMSFs instead of property?
Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. 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 positions in and has recommended Telstra Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.