Transurban Raises Fiscal Year 2023 Distribution Guidance
By David Winning
SYDNEY--Transurban Group raised its annual distribution guidance, citing confidence in the post-pandemic recovery in traffic on its global network of toll roads and better-than-expected outcomes on financing costs.
Transurban said it now expects a payout of 58 Australian cents (38.7 U.S. cents) per security in the 12 months through June, representing around 42% growth on the 2022 fiscal year.
The company had previously forecast an annual distribution of A$0.57 per security.
"As previously announced, FY 2023 distribution guidance includes approximately 2-3 cents/security of Capital Releases," Transurban said in a regulatory filing.
Write to David Winning at david.winning@wsj.com
(END) Dow Jones Newswires
April 30, 2023 18:28 ET (22:28 GMT)
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