Transurban announces 29 cents interim dividend

Company News

by Anna Napoli

Transurban (ASX:TCL) has announced an interim dividend of 29 cents per stapled security.

The toll road operator has reaffirmed its guidance for distributions to total 59 cents in financial year 2019.

News of the dividend comes on the back of a successful US private placement to repay the company's M7 bank debt.

The company says the placement successfully refinances all of M7's remaining bank debt, whilst also extending the group's debt maturity profile.

Shares in Transurban (ASX:TCL) closed 1.05 per cent higher to $11.53 yesterday.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.