Transurban Group (ASX:TCL) owns and operates 15 toll roads in Melbourne, Sydney, and the greater Washington area. Revenue growth is derived from traffic growth and their very own rivers of gold – inflation protected toll prices. CityLink in Melbourne is Transurban’s biggest asset, in 2018 this accounted for approximately 32% of their total toll revenue – working out to be about twice the size of the roads in Brisbane.
The S&P/ASX 200 (ASX:XJO) added 0.3%, driven higher by an incredible rally in the lithium or ‘green energy’ sector.
It was a flat day for the S&P/ASX 200 (ASX:XJO) on Monday despite a positive start. Suncorp (ASX:SUN) and Transurban (ASX:TCL) are in the news.
FY21 distributions fell for toll road developer and operator Transurban Group (ASX: TCL) as on-off COVID-19 restrictions restricted mobility.
The S&P/ASX 200 (ASX:XJO) fell 0.3% on Thursday as Woolworths (ASX:WOW) and Endeavour (ASX:EDV) shares made headlines.
The Transurban Group (ASX:TCL) share price is on watch this morning after announcing its distribution to investors.
The Transurban Group (ASX:TCL) share price is being pushed higher after giving investors a presentation about its business.
The Transurban Group (ASX: TCL) share price could be driven higher today after reporting major traffic growth in Sydney.
At today’s Telstra Corporation Ltd (ASX: TLS) share price, is it good dividend share to buy with all of the NBN troubles?
The ASX 200 (ASX:XJO) is tipped to open higher on Wednesday. Insurance Australia Group (ASX:IAG) and Vocus (ASX:VOC) shares are making headlines.
