While many ASX dividend stocks offer attractive yields today, not all are likely to provide the same level of passive income over the long term. Here are three standout ASX 200 Index (ASX: XJO) dividend stocks that are expected to deliver consistent rewards for passive income investors over the next decade.
1. ANZ Group Holdings Ltd (ASX: ANZ) ANZ Group Holdings Ltd has a strong track record of delivering dividends, with a history of making two annual payments each year for over a decade. In the past year, ANZ distributed a partly franked final dividend of 94 cents per share on December 22 and an interim dividend of 83 cents per share on July 1. This results in a total annual payout of $1.77 per share.
At a recent closing price of $29.24, ANZ offers a trailing dividend yield of 6.1%. The share price has appreciated by just over 12% in 2024, reflecting the company's stability and reliable dividend payments.
2. Woodside Energy Group Ltd (ASX: WDS) Woodside Energy Group Ltd, a prominent player in the energy sector, has faced some pressure in 2024, with its share price declining nearly 11%. Despite this recent downturn, the current conditions may present a promising long-term opportunity for income investors.
Woodside paid a fully franked interim dividend of $1.243 per share on September 28 and a final dividend of 91.7 cents per share on April 4. The total annual payout amounts to $2.16 per share. With a closing price of $28.02, Woodside's trailing dividend yield stands at 7.7%.
3. JB Hi-Fi Ltd (ASX: JBH) JB Hi-Fi Ltd, a leading electronics retailer, has seen impressive share price growth in 2024, up nearly 30%. Although the rate of increase may not continue at this pace, JB Hi-Fi is well-positioned for sustained growth, partly due to advancements in artificial intelligence (AI) which drive ongoing demand for new electronics.
JB Hi-Fi distributed a fully franked final dividend of $1.15 per share on September 8, and an interim dividend of $1.58 per share on March 8. This totals a full-year payout of $2.73 per share. With a closing price of $70.30, JB Hi-Fi offers a trailing dividend yield of 3.9%.
These three ASX dividend stocks—ANZ Group Holdings Ltd, Woodside Energy Group Ltd, and JB Hi-Fi Ltd—are positioned to potentially provide stable and rewarding passive income over the long term. Each operates in distinct sectors, which can help diversify and reduce risks associated with income streams from any single sector. While future yields may fluctuate based on various factors, these companies have demonstrated a commitment to delivering consistent dividends.