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I'd buy these 3 ASX dividend stocks for dependable income

The Motley Fool·07/28/2026 05:58:22
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Finding reliable income stocks on the ASX is easier said than done. No ASX dividend stock can be completely dependable for income seekers, of course. But there is a definite spectrum when it comes to reliable dividend payers on the ASX.

To help sort the proverbial wheat from the chaff, let's go over three ASX dividend stocks I would buy today if I were building a portfolio focused on steady dividends.

3 ASX dividend stocks to buy for reliable income

Telstra Group Ltd (ASX: TLS)

First up, we have the telco Telstra. Telstra has long enjoyed a reputation as one of the ASX's most popular dividend shares, and for good reason. In its decades of life on the stock market, this company has almost always provided investors with relatively large and fully franked payouts.

These have tended to come rain, hail or shine, helped by Telstra's inherent defensive qualities. This ASX dividend stock's first payout of 2026 came in at 19.5 cents per share, steady on last year's equivalent payout. At current pricing, Telstra shares are trading on a dividend yield of about 4%.

Wesfarmers Ltd (ASX: WES)

Next up, we have another blue chip ASX dividend stock in Wesfarmers. This conglomerate has its fingers in many pies, but is most well-known for its flagship retailers like Bunnings, Officeworks and Kmart. Wesfarmers rarely trades at a price that makes its dividend yield stand out. To illustrate, Wesfarmers shares currently sport a yield of 2.4% or so.

But what makes this company attractive, at least in my view, is its solid history. Wesfarmers has been doling out steady dividends for decades, and hasn't cut its payouts in living memory (excepting the spin-off of Coles Group Ltd (ASX: COL) last decade). If you're building an income portfolio, you can't go wrong with Wesfarmers.

National Australia Bank Ltd (ASX: NAB)

Last but not least, let's talk NAB. Like its peers in the banking space, NAB is well-known as a formidable ASX dividend stock. It has been funding fat and fully franked dividends for decades, and is relied upon as a source of income for countless investors. It is also a major pillar of the Australian economy, which could offer some comfort to investors as well.

I like NAB as its business model isn't as mortgage-heavy as some of its peers. Not to mention the fact that it also trades at a more reasonable valuation than other banks. Right now, NAB shares are trading on a decent dividend yield of 4.13%, which comes fully franked too.

The post I'd buy these 3 ASX dividend stocks for dependable income appeared first on The Motley Fool Australia.

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 positions in and has recommended Telstra Group. 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.

The Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 2026