- Transurban Group designs, operates, and maintains toll roads in Australia, Canada, and the US.
- The company derives about 90% of its revenue from Australian operations.
- Transurban has a consistent history of dividend payments, even in non-profitable fiscal years.
The company’s financial performance suffered due to COVID 19, with lockdowns impacting average daily traffic volumes.
Transurban Group Financial Performance
Source: ASX
Transurban Group has paid dividends every year for the last ten years with a five year average dividend payment of $0.47 per share and a five year average dividend yield of 3.43%. The current dividend yield is 4.6%. During the COVID years the company was able to maintain dividend payments, with a reduction from $0.60 in 2019 to $0.31 in FY 2020; $0.36 in FY 2021; $0.53 in FY 2022 and $0.615 in FY 2023.
In their latest Quarterly Update for the September quarter, Transurban maintained FY 2024 guidance for dividends to increase 7%, up to $0.62 per share.
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Over five years the share price is up 15.6%. Year over year the share price is down 2.6%.
Source: ASX
An analyst at Morgans has a HOLD recommendation on Transurban Group shares, citing the growth of the urban areas the company serves along with the FY 2024 dividend payments.
Marketscreener.com has an OUTPERFORM consensus rating on Transurban shares, with three of the fourteen analysts reporting at BUY, one at OUTPERFORM, nine at HOLD, and one at UNDERPERFORM.
The Wall Street Journal has a consensus HOLD recommendation on Transurban shares, with one analyst at BUY, and nine at HOLD.
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