The Australian share market is a prime hunting ground for companies that offer outstanding passive income streams.

Investing in dividend-paying stocks can be a far more attractive proposition for generating cash flow compared to traditional savings accounts.

While the return on a savings account is capped at the interest rate, it does offer protection from downside risk.

Over the long haul, dividend shares on the ASX can deliver a highly attractive combination of yield, dividend growth, and capital appreciation.

Here are two of what I consider to be the best value opportunities available today.

Charter Hall Long WALE REIT (ASX: CLW)

This entity is arguably the most diversified real estate investment trust on the ASX, with holdings across a wide array of sectors including service stations, telecommunications exchanges, pubs and hotels, distribution centres, Bunnings properties, and many others.

This extensive investment across numerous sub-sectors provides excellent diversification for investors.

This approach is beneficial both for mitigating the risk of overexposure to a single area and for giving the REIT a broader field in which to seek out new opportunities.

The company has contractual rental growth mechanisms in place, with many leases featuring inflation-linked increases and the remainder having fixed annual escalations.

A further strength is the trust's very long weighted average lease expiry, which provides investors with significant rental income security and forward visibility.

These rental increases were instrumental in the business announcing a 2% rise in its FY26 distribution to 25.5 cents per security.

This equates to a current distribution yield of 6.8%.

The stock appears significantly more affordable following a 30% decline since April 2022.

Dexus Industria REIT (ASX: DXI)

The other ASX stock I wish to highlight for its compelling dividend yield is this REIT, which specialises in industrial properties.

I believe industrial real estate has a very bright future due to the powerful tailwinds supporting rental demand.

Supportive factors include the continued growth of e-commerce, data centres, refrigerated facilities for food and pharmaceuticals, the onshoring of supply chains, and the general expansion of the Australian population.

This REIT owns a portfolio of high-quality industrial assets located in metropolitan areas across Australia.

It is achieving robust like-for-like rental growth, which is a key driver behind increasing property valuations and distributions.

The HY26 result showcased like-for-like income growth of 7.4%, driven by factors such as rental escalations and strong re-leasing spreads.

The business recently provided a portfolio valuation update, which indicated a slight 0.2% increase in the overall property portfolio value.

The company's guidance for its annual FY26 distribution is 16.6 cents per share, translating to a forward distribution yield of 6.75%.

In my view, this business looks exceptionally cheap, with its unit price having fallen by 33% since September 2021.