"Similarly, toll road and tunnel operator Transurban Group (ASX: TCL) has outperformed the ASX since the turn of the year. Its shares are up by 21% and of great appeal to investors is Transurban’s relatively stable growth outlook and resilient track record of growing earnings. For example, Transurban has increased its bottom line at an annualised rate of 15.5% during the last decade and, over the next year, is expected to raise net profit by over 11%.
In addition, Transurban presently yields 4.1%, and with double-digit dividend growth forecast for the next two years, it is set to yield as much as 4.7% in financial year 2017. And, with its exposure to the US set to benefit from a stronger US$ and also from pricing improvements over the medium term as well as cost savings across its portfolio, Transurban appears set to soar.
Set to SOAR
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Last
$12.97 |
Change
0.190(1.49%) |
Mkt cap ! $40.10B | |||
| Open | High | Low | Value | Volume |
| $12.91 | $12.97 | $12.77 | $44.07M | 3.413M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 186235 | $12.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.98 | 11976 | 2 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| TCL (ASX) Chart |