Are you looking for retirement portfolio options? If you are, then you may want to look at the quality ASX shares listed below.
Here's why these shares could be top options for retirees:
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Charter Hall Long WALE REIT (ASX: CLW)
The first ASX share to consider for a retirement portfolio is the Charter Hall Long Wale REIT.
As you might have guessed from its name, this property company invests in high quality real estate assets that have long weighted average lease expiries (WALEs). These properties are leased mainly to corporate and government tenants and had a WALE of 12 years at the last count.
This provides great visibility on its future earnings and arguably makes it a low risk option in the property space.
Citi is positive on the company and is expecting big dividend yields in the coming years. It is forecasting dividends per share of 28 cents in FY 2023 and 29 cents in FY 2024. Based on the current Charter Hall Long Wale REIT unit price of $4.33, this will mean yields of 6.45% and 6.7%, respectively.
The broker has a buy rating and $5.00 price target on its shares.
Transurban Group (ASX: TCL)
Another ASX share that could be a good option for a retirement portfolio is this leading toll road operator. Transurban owns a high-quality portfolio of roads in Australia and North America. In addition, it has a significant project pipeline that could support its growth in the future.
After being a ghost town during the pandemic, the company's roads have bounced back strongly and traffic volumes are now booming again. They even hit record levels recently. Combined with its positive exposure to inflation, Transurban has been tipped to grow at a solid rate in the coming years.
UBS is positive on the company. It currently has a buy rating and $15.45 price target on its shares.
In addition, the broker is forecasting dividends per share of 57 cents in FY 2023 and then 61 cents in FY 2024. Based on the current Transurban share price of $14.74, this will mean yields of 3.9% and 4.2%, respectively.
