3 ASX Blue Chip Stocks Offering Attractive Dividend yields

The following three ASX 200 shares stand out as buy candidates in 2026 for investors who want dependable passive income and attractive risk adjusted returns.

Telstra Group Limited (ASX: TLS)

has a crucial role in Australia’s digital economy and its dominant industry position makes it attractive from a passive income perspective due to highly predictable customer behaviour.

FY25 marked another year of steady financial performance as the company delivered underlying EBITDA of $8.6 billion and underlying NPAT of $2.3 billion.

Telstra has a market capitalisation of $57 billion while return on invested capital improved to 8.5% in FY25 which shows more efficient deployment of capital across the business.

The company pays fully franked dividends twice a year and offers an annual dividend yield of 4.03% while the outlook is stable due to rising demand for data and digital infrastructure.

Woolworths Group Limited (ASX: WOW)

is one of the largest retail networks in Australia and supermarkets are among the most defensive areas of the economy as households buy essential goods regardless of change in macro environment.

During the first quarter of FY26, the company reported total group sales of $18.5 billion which represented year-on-year growth of 2.7% as management focused on rebuilding momentum through enhancements to the Everyday Rewards program which lifted customer engagement and digital traffic.

Woolworths has a market capitalisation of $37.39 billion and eCommerce is an important growth driver as group online sales increased by 13.2% during the quarter supported by strong demand for same day and on demand delivery services.

The stable nature of grocery demand is a key strength for the business while the company also pays fully franked dividends on a semi-annual basis and offers a current annual dividend yield of 2.74%.

Coles Group Limited (ASX: COL)

provides customers with everyday products along with financial and retail media services through its physical store network and online platforms while the company currently has a market capitalisation of $28.21 billion.

The company attracts income focused investors as it pays fully franked dividends twice a year and currently offers an annual dividend yield of 3.28%.

Dividends from Coles are considered highly reliable because the business operates in the non-discretionary food and grocery segment which generates stable and recurring cash flows across economic cycles.

During the first quarter of FY26 Coles delivered solid trading momentum as total group sales revenue increased by 3.9% to $10.96 billion driven by strong supermarket performance and a continued focus on customer experience while online supermarket sales increased by 27.9% due to improvements in app and website functionality.

(Source: Company Reports)