Are you looking for some dividend shares to add to your retirement portfolio?
If you are, then the two listed below could be top options according to experts. Here's what they are saying about them:
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Charter Hall Long WALE REIT (ASX: CLW)
The first ASX dividend 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.
Citi is positive on the company and has a buy rating and $4.70 price target on its shares.
Citi likes the Charter Hall Long WALE REIT due to its attractive valuation, big yield, and low risk income stream. It explained
The inorganic growth story remains challenged but at current price, we see relative value given the -36% discount to NTA, >7% yield (much higher than triple net peers), c. 50% of the rents indexed to CPI and a low risk income stream with c. 12 year WALE and 99.9% occupancy.
Citi expects this to underpin 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 $4.43, this will mean yields of 6.3% and 6.5%, respectively.
Suncorp Group Ltd (ASX: SUN)
Another ASX dividend share that could be a top option for retirement portfolio is insurance giant Suncorp.
Morgans currently has an add rating and $13.98 price target on its shares.
The broker believes that Suncorp's shares are trading at an attractive level. Particularly given underlying business trends and its efficiency program. It said:
While weather remains volatile, we think SUN's underlying business trends continue to broadly track in the right direction. SUN will also reap the full benefits of its efficiency program in FY23 and we see SUN's current valuation as undemanding, e.g. FY23 PE multiple of 13x and a 6% dividend yield.
As for dividends, Morgans is forecasting fully franked dividends per share of 77.5 cents in FY 2023 and 80 cents in FY 2024. Based on the current Suncorp share price of $12.04, this will mean yields of 6.4% and 6.6%, respectively.
