2 ASX blue chip dividend shares with yields over 4% today

As my Fool colleague James Mickleboro pointed out this morning, the best you can expect from an Aussie bank term deposit right now is around 0.6% per annum. That kind of annual yield is, from a wealth-building perspective, pretty uninspiring. At that rate, your money is actually going backwards in real terms if you account for the effects of inflation and taxes.

So what’s the alternative? Well, there are a number of ASX dividend shares offering yields that far exceed those of cash investments these days.

Here are 2 such ASX blue chip income payers that offer fully franked yields of more than 4% on current prices.

Wesfarmers is one of the most diversified ASX shares on the market. It owns a staggering array of quality business….