Wesfarmers offers steadier dividends, while Qantas has a higher yield

Wesfarmers and Qantas are two Australian companies listed on the ASX, but they operate very different businesses.

Wesfarmers owns businesses including Bunnings, Kmart, Officeworks and Priceline, as well as chemical and fertiliser operations.

Qantas runs the Qantas and Jetstar airlines, serving domestic and international routes.

The figures in the story show a 2.93% dividend yield for Wesfarmers and 4.40% for Qantas, with both dividends fully franked.

Wesfarmers has a longer record of consistent dividend payments, while Qantas paused payments during the COVID-19 pandemic and resumed them in 2025.

Airline earnings can be more exposed to global shocks and changes in travel than Wesfarmers’ varied retail and other businesses.

The story favours Wesfarmers for an investor seeking steadier income, while noting Qantas may appeal to someone willing to accept more risk for a higher current yield.