2 ASX Shares to Buy for Passive Income

For investors seeking a steady stream of passive income, these two ASX dividends stocks stand out for their consistent payouts and stable business performance.

MFF Capital Investments Limited (ASX: MFF)

MFF Capital Investments Limited (ASX: MFF),on 11 May 2026, paid a fully franked dividend of 10 cents per share and the management aims to increase the next six-monthly dividend to 11 cents which reflects the company’s confidence in long-term earnings capacity and disciplined capital allocation process. The company also has a market capitalisation of $3.07 billion and a dividend yield of around 3.66%. While market risks have heightened recently, MFF’s capital structure seemed to remain stable, providing great conviction to the investors in its strategy.

The company’s half-yearly results for the six months ended 31 December 2025 showed stability in the company’s growth despite softer investment markets. Net assets increased by 7% to $2.61 billion and the pre-tax NTA per share also improved from $5.021 to $5.279 at the end of FY25. Total revenue stood at around $308.9 million while recording a net profit after tax of $209.7 million which reflects the market to market nature of its investment portfolio. Despite the earnings of the company being moderated from the previous corresponding period, the company continued to strengthen shareholder value through higher net asset and improved NTA position.

The company has maintained a good discipline of consistently delivering fully franked dividends while also maintaining retained profits. MFF’s effective portfolio management along with strong capital base and consistent dividend policy remains key attraction for investors amid evolving market conditions.

Centuria Industrial REIT (ASX: CIP)

Centuria Industrial REIT (ASX: CIP) recently announced a quarterly dividend of 4.2 cents to be paid in August, continuing its consistent practice of making quarterly distributions to unitholders. The company has a market capitalisation of $1.87 billion with a distribution yield of around 5.6%, which makes REIT remain a popular income focused investment supported by a portfolio comprising high quality industrial assets.

The company had delivered a solid performance for the half-year ended 31 December 2025, reporting Funds From Operations (FFO) of $57.3 million or 9.1 cents per unit while reaffirming upgraded FY26 FFO guidance of 18.2–18.5 cents per unit and distribution guidance of 16.8 cents per unit. The Net Operating Income (NOI) increased 5.1% while the portfolio occupancy also improved to 95.7% and the portfolio WALE remained strong at 7.1 years which reflects a stable long-term rental income. Net Tangible Assets (NTA) of CIP stood at 3.95 per unit while approximately 143,900 sqm of leasing was completed during the period with average re-leasing spreads of 20% which highlights continued demand for the trust’s industrial assets.

Centuria Industrial REIT benefitted continuously from favourable structural trends in Australia’s industrial property market which includes strong demand for logistics facilities, constrained supply and rising rental growth. Combined with a diversified tenant base and an efficient balance sheet, the REIT remains well positioned to deliver stable long-term value and reliable income for investors.

(Source: Company Announcements)