AUS
NZ
UK
CA
USA
IND
Transurban Group (ASX:TCL) came forward and made an announcement related to the distribution reinvestment plan (or DRP) by the issuance of the press release. Transurban Group is engaged in the activities focused on operating as well as building the toll roads in Melbourne, Sydney as well as in Brisbane. These activities of the company are also in Greater Washington, US as well as in Montreal, Canada. Talking about the management, Mr. Lindsay Maxsted is the Companyâs Chairman and Independent Non-executive Director, and Mr. Scott Charlton is the Companyâs Executive Director.
As per the press release dated January 22, 2019, the company stated that the security holders which makes up 5.43% of the issued capital would be participating in DRP (or Distribution Reinvestment Plan) with regards to distribution amounting to 29.0 cents per stapled security for time period of 6 months to December 31, 2018.Â
The release issued by Transurban Group had also stated that DRP issue price happens to be $11.7658 per stapled security. Further, the stapled securities given under Distribution Reinvestment Plan would be of equal rank when compared with the existing stapled securities and they would be given on distributionâs payment date which happens to be February 15, 2019.
Not so long ago, the company had published the report related to the update for the September 2018 quarter. As per the report published by Transurban Group, the average daily traffic (or ADT) has encountered the rise of 3.3% in the September 2018 quarter and the company also witnessed favorable momentum in the markets. In September 2018 quarter, the company, as consortiumâs part, managed to reach the financial close for the WestConnexâs acquisition (51%) from the government of New South Wales. The release also depicted that the company gathered $4.8 billion of the equity so that the acquisitionâs financing can be done. Of this $4.8 billion which has been gathered by the company, $600 million relates to the securities which have been given to the Transurban Groupâs consortium partners and the remaining $4.2 billion is related to fully underwritten accelerated pro-rata entitlement offer.
We would see how Transurban Groupâs stock has been performing today and how it had performed in the past few months. On January 23, 2019, at the time of writing, the companyâs stock is trading in green and the stock price is A$11.950 per share which implies the rise of A$0.060 per share or 0.505%. The market capitalization of Transurban Group stood at ~$31.77 billion. In the past six months, the stock has risen 2.01% while in the span of previous three months, it had posted the return of 7.60%. However, in the previous one month, the stock gave the return of 2.15%.
The annual dividend yield of Transurban Group stood at 4.79%. Moreover, according to Australian Securities Exchange or ASX, the companyâs EPS (or earnings per share) stood at A$0.227 and its price-to-earnings ratio was 52.380x.
Disclaimer
This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.
