Are you looking for some ASX 200 shares to add to your retirement portfolio?
If you are, then the shares listed below could be top options in the current environment.
Transurban Group (ASX: TCL)
Transurban could be an ASX 200 share to buy for a retirement portfolio. It is a toll road operator with a portfolio of important roads across Australia and the United States. This includes CityLink in Melbourne, the Logan Motorway in Brisbane, and WestConnex in Sydney.
Transurban has been tipped to grow its earnings and dividend at a solid rate over the medium term thanks to population growth, urbanisation, and the time savings its roads offer. In respect to the latter, Transurban estimates that customers using its roads saved a total of 323,000 hours of travel time each workday in FY 2022.
Citi is positive on the ASX 200 share and has a buy rating and $16.00 price target on its shares.
In respect to dividends, the broker is expecting the company to pay dividends of 58 cents per share in FY 2023 and 60 cents per share in FY 2024. Based on the current Transurban share price of $14.09, this represents yields of 4.1% and 4.2%, respectively.
Woolworths Limited (ASX: WOW)
Another ASX 200 share that could be a top option for a retirement portfolio is Woolworths. It is the retail conglomerate behind the eponymous supermarket chain, Countdown supermarkets in New Zealand, and Big W.
Woolworths has a lot of qualities that you would want from a share in a retirement portfolio. It has defensive qualities, a high quality management team, fully franked dividends, and a positive long-term outlook.
Goldman Sachs is a big fan of the company. It likes Woolworths due to its digital and omni-channel advantage, which it expects to drive further market share and margin gains.
The broker currently has a conviction buy rating and $41.00 price target on the company’s shares. Its analysts are also forecasting fully franked dividend yields of approximately 3% in the coming years.
