Transurban – Yield Review

Transurban is under Algo Engine sell conditions. We see value in the $12.50 to $13.50 price range.

If we assume the dividend is cut from $0.55 to $0.40 in FY21 it implies a 2.8% forward yield. Further normalization is likely from FY22 and we’re therefore happy to buy TCL on the “dip.

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