ASX dividend shares currently appear more attractive to me compared to their appeal last year.

Inflation and interest rates appear to be trending upwards in 2026, leading to a noticeable decline in the share prices of certain companies within the market.

Acquiring an investment at a reduced price translates to a higher dividend yield and enhances the potential for long-term capital growth.

Considering these lower share prices, I identify the following stocks as compelling investment opportunities.

Charter Hall Long WALE REIT (ASX: CLW)

This real estate investment trust (REIT) holds a diverse portfolio of properties, encompassing government assets like Geoscience Australia, pubs, grocery and distribution centers, data centers and telecommunications infrastructure, service stations, food manufacturing plants, and waste and recycling facilities.

Despite consistent growth in rental income, the share price of this ASX dividend stock has decreased by approximately 20% over the past year. Roughly half of its property portfolio features rental increases linked to the Consumer Price Index (CPI), while the remainder is subject to fixed annual hikes.

As of December 31, 2025, the company reported net tangible assets (NTA) of $4.68 per unit, indicating a substantial valuation discount for investors. This discount contributes to the stock's high dividend yield.

For FY26, the business anticipates paying an annual distribution of 25.5 cents per unit, which equates to a distribution yield of about 7% at current levels.

Propel Funeral Partners Ltd (ASX: PFP)

Propel is Australia's second-largest funeral services provider. It also operates 41 cremation facilities and nine cemeteries.

The company benefits from long-term demographic trends, including Australia's ageing and growing population. The number of deaths in Australia is projected to increase by an average of 2.9% annually from 2026 to 2035, followed by a 2.4% annual increase from 2036 to 2045.

Propel has been steadily expanding its scale and geographic footprint through acquisitions, while also benefiting from organic growth in average revenue per funeral. These factors are expected to boost its profitability in the coming years, enabling potential dividend increases.

The total of its last two declared dividends, including franking credits, amounts to a grossed-up dividend yield of 4.9%. The share price of Propel has declined by 14% over the past month.

JB Hi-Fi Ltd (ASX: JBH)

JB Hi-Fi is a leading Australian retailer of electronics and has a growing presence in the appliance and home goods market. Its operations include JB Hi-Fi New Zealand, The Good Guys, and E&S.

This ASX dividend share has a remarkable track record, having increased its dividend payout nearly every year for the past 15 years. I consider it one of the top retailers listed on the ASX and anticipate this strong performance to continue.

Despite reporting solid HY26 results and ongoing sales growth in the second half of FY26, the JB Hi-Fi share price has fallen by around 30% over the last six months. The HY26 dividend was increased by 23.5%.

The sum of its last two declared dividends, when grossed-up with franking credits, represents a yield of 7.4%.