To The Moon

Following the Federal budget adjustments made a couple of months ago, I believe ASX dividend shares have become even more appealing than before.

Passive income from Australian businesses can still be delivered through fully franked dividends, offering a satisfying dividend yield.

In my assessment, the two following ideas are among the premier choices in Australia right now.

MFF Capital Investments Ltd (ASX: MFF)

MFF has been one of the top-performing listed investment companies (LICs) over the last decade, largely due to its concentrated focus on high-quality international shares.

Stocks like Visa, Mastercard, Alphabet, and Amazon have contributed to its impressive portfolio returns.

I appreciate this ASX dividend share's investment flexibility, which allows it to seek out the best opportunities globally, across almost any business size. While it predominantly invests in global equities, L1 Group Ltd (ASX: L1G) – an ASX-listed stock – was one of its most recent acquisitions.

Thanks to these strong returns, MFF has been increasing its annual dividend at a compound annual growth rate (CAGR) exceeding 20% in recent years.

I believe there is a strong possibility the company will boost its payout by 19% in FY27 to 25 cents per share. This could translate into a potential grossed-up dividend yield of 6.8%, including franking credits. This could be one of the best ASX dividend shares to buy for passive income right now.

Centuria Industrial REIT (ASX: CIP)

This is a real estate investment trust (REIT) that offers investors exposure to industrial properties. I think the business can provide a blend of solid passive income and capital appreciation.

The company is benefiting from robust demand driven by e-commerce adoption, refrigerated space (for food and medicine), data centres, supply chain onshoring, and more. All these factors have resulted in a low vacancy rate and above-average rental growth.

In the FY26 half-year result, the business reported like-for-like net operating income (NOI) growth of 5.1%, with the portfolio being an average of 20% under-rented – this provides future earnings growth potential.

The business is regularly expanding its portfolio through both acquisitions and property developments, which helps increase its rental potential.

The fund manager of this ASX dividend share, Grant Nichols, stated earlier this year: CIP maintains significant earnings upside due to its strong, anticipated medium-term income growth resulting from material under-renting across the portfolio, expected improved portfolio occupancy, prudent completed capital management and the expected market rental growth stemming from Australia's favourable industrial market conditions. Improving tenant demand and constrained supply is expected to drive the national vacancy to less than 2.0% by 2030, providing a pathway to continued strong market rental growth.

Its FY26 annual distribution of 16.8 cents per security translates into a forward dividend yield of 5.6%. It's currently trading at a significant discount to its net tangible assets (NTA) of $3.95.