If you're in the process of building a retirement portfolio then you may be on the lookout for some ASX 200 shares to add to it.
But which shares could be suitable for this type of portfolio?
Let's take a look at three buy-rated options for retirees to consider buying this month. Here's what you need to know about them:
APA Group (ASX: APA)
When building a retirement portfolio, you will want to focus on quality and stability. APA Group certainly ticks these boxes.
That's because this energy infrastructure company has a high quality $26 billion portfolio of gas, electricity, solar and wind assets around Australia. This portfolio has underpinned consistent earnings growth over the last couple of decades. So much so, APA Group will soon complete 20 years of dividend increases in a row.
It is for this reason that Macquarie recently put an outperform rating and $8.47 price target on them.
As for income, Macquarie is forecasting dividends of 57 cents per share in FY 2025 and then 58.5 cents per share in FY 2026. Based on the current APA Group share price of $7.53, this equates to 7.6% and 7.8% dividend yields, respectively.
CSL Limited (ASX: CSL)
Another ASX 200 share that could be a great option for a retirement portfolio is CSL.
It is one of the world's leading biotechnology companies, comprising the CSL Behring, CSL Vifor, and CSL Seqirus businesses. These are leaders in their fields of plasma therapies, iron deficiency, and vaccines.
CSL has been growing at a solid rate for many years thanks to its in-demand product portfolio, investment in research and development, and acquisitions. The good news is that after a tough period, brokers are expecting the company's earnings growth to go into overdrive across the coming years as headwinds ease and margins improve.
One of those brokers is Citi, which is feeling very positive about the company's outlook. So much so, it recently put a buy rating and $345.00 price target on its shares.
Telstra Group Ltd (ASX: TLS)
A final ASX 200 share that could be a buy for a retirement portfolio is telco giant Telstra.
As with the others, it ticks a lot of boxes when it comes to retirement portfolio candidate. It has defensive qualities, a good dividend yield, and a positive growth outlook.
In fact, Goldman Sachs highlights that its "low risk earnings (and dividend) growth" across FY 2022 to FY 2025 is "attractive" and a reason to buy its shares right now. The broker has a buy rating and $4.35 price target.
In addition, Goldman Sachs is forecasting fully franked dividends per share of 19 cents in FY 2025 and 20 cents in FY 2026. Based on the current Telstra share price of $3.93, this will mean yields of 4.8% and 5.1%, respectively.
