If I were looking for dividend income in September 2026, below are two of the top ASX dividend share picks I’d choose.
Charter Hall Long WALE REIT (ASX: CLW)
The real estate investment trust (REIT) sector could be one of the best opportunities to look at right now because of how cheaply many are trading compared to their underlying values.
REITs disclose what their underlying net value is, which includes real estate values, loans and so on.
It reported net tangible assets (NTA) of $4.71 as of 30 June 2026, which was a 2.6% increase from 30 June 2025. The business is currently trading at 26% discount to the Charter Hall Long WALE REIT share price.
The business is invested in a variety of real estate areas including office, hospitality, service stations, retail, industrial, logistics, data centres and social infrastructure.
With contracted rental escalations, portfolio occupancy of 99.9% and a weighted average lease expiry (WALE) of approximately nine years, it has impressive rental characteristics. It achieved 3.1% average annual net property income growth in FY26.
It expects to pay a distribution of $0.255 per unit in FY27, which translates into a distribution yield of 7.3%.
Coles Group Ltd (ASX: COL)
Coles is one of the leading supermarket businesses in Australia. It also has a liquor division that includes Coles Liquor and Liquorland.
The company reported a number of good numbers in the FY26 result. Total sales rose 2.8% to $45.6 billion, EBITDA grew 7.1% to $4.2 billion, EBIT rose 9.9% to $2.3 billion and underlying net profit grew 13.7% to $1.26 billion.
Coles’ liquor division suffered sizeable sales and earnings declines, the main supermarket business continues to perform strongly. Supermarket sales rose 3.7% to $41.5 billion, supermarket EBITDA rose 8.2% to $4.1 billion and supermarket EBIT increased 12.2% to $2.37 billion.
I think the ASX dividend share’s earnings are very defensive. Not much else is more important than food, so Coles is a solid option for dividend income.
Coles decided to increase its FY26 annual dividend per share by 13% to $0.78. That’s a dividend yield of 4.7% including the franking credits.
Considering it has increased its annual dividend every year over the last several years, it’s a consistent option for dividend income.
