Are you searching for retirement shares to buy? 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:
Charter Hall Long WALE REIT (ASX: CLW)
The Charter Hall Long WALE REIT could be an ASX dividend share to buy for a retirement portfolio.
It invests in high-quality real estate assets that are predominantly leased to corporate and government tenants on long-term leases. And when I say long, I mean it! At the last count, its weighted average lease expiry (WALE) was over a decade.
Citi is a fan of the company and highlights its "low-risk income stream with c. 12-year WALE and 99.9% occupancy".
It expects this to support some big dividend yields in the coming years. The broker 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 share price of $4.17, this will mean yields of 6.7% and 6.95%, respectively.
Citi has a buy rating and a $5.00 price target on its shares.
Coles Group Ltd (ASX: COL)
Another ASX dividend share that could be a buy for a retirement portfolio is supermarket giant Coles.
Its defensive qualities have been on display for all to see over the last few years. And thanks to its positive exposure to inflation and strong market position, it looks well-placed to continue growing even if Australia falls into a recession.
Citi is also a fan of Coles and believes it is well-placed to deliver solid earnings growth through to at least FY 2025.
It expects this to underpin fully franked dividends per share of 69 cents in FY 2023, 73 cents in FY 2024, and then 80 cents in FY 2025. Based on the current Coles share price of $17.71, this represents yields of 3.9%, 4.1% and 4.5%, respectively.
Citi has a buy rating and a $20.20 price target on its shares.
