ASX stocks paying fully franked dividends

Investors who want steady passive income often choose ASX fully franked dividend stocks because these companies generate strong cash and use capital in a disciplined way.

Some ASX fully franked dividend stocks show resilient earnings and conservative balance sheets which help them maintain consistent payout ratios and provide reliable income even during periods of economic uncertainty.

These three ASX fully franked dividend stocks stand out due to their solid fundamentals and a clear long-term growth outlook.

Telstra Group Limited (ASX: TLS) 

is one of the best ASX fully franked dividend stocks and its Half Year 2026 results clearly reflect earnings growth along with careful capital discipline.

The company for the half year ended 31 December 2025 reported total income of $11.8 billion and EBIT of $2.0 billion which was up 9.2% while NPAT reached $1.2 billion and EPS rose 11% to 9.9 cents per share.

Management is moving ahead with the Connected Future 30 strategy which targets mid-single digit cash earnings CAGR through FY30 and aims for 10% underlying ROIC because the focus stays on prudent capital allocation and long term value creation.

The current annual dividend yield of 3.87% along with higher cash earnings active buybacks and better return metrics positions TLS as one of the more defensive and dependable ASX fully franked dividend stocks for long term portfolios.

Commonwealth Bank of Australia (ASX: CBA) 

is one of the highest-quality ASX fully franked dividend stocks and it reported solid 1H26 results which reflect the strength of its leading retail and business banking franchise.

The company for the half year ended 31 December 2025 reported Cash NPAT of $5.4 billion which is 6% higher than the prior corresponding period supported by operating income of $15 billion and tight cost control despite ongoing investment in technology and frontline operations.

CBA announced an interim dividend of $2.35 per share which is up 10 cents year-on-year and it distributes fully franked dividends on a semi-annual basis while maintaining a payout ratio of around 70 to 80% of Cash NPAT.

CBA at a current annual dividend yield of 2.83% stands out as one of the most widely held ASX fully franked dividend stocks for investors who want dependable passive income.

Woodside Energy Group (ASX: WDS) 

is one of the more prominent ASX fully franked dividend stocks and it achieved record production of 198.8 MMboe in FY25 which strong reliability across Sangomar Pluto LNG and the North West Shelf supported.

The company in FY25 reported operating revenue of $12,984 million EBITDA of $9,277 million and NPAT of $2,718 million while it generated $7,192 million in operating cash flow and $1,889 million in free cash flow despite softer realised prices.

The company pays fully franked dividends on a semi-annual basis and it currently offers an annual dividend yield of 5.89% which increases its appeal among ASX fully franked dividend stocks.

The company holds strong liquidity of $9.3 billion and follows disciplined capital allocation which alongside multiple LNG and oil projects are set to lift volumes and cash flow into 2026 and beyond.

(Source: Company Reports)