Transurban (TCL.ASX) is now trading back on 4%+ yield on current numbers. Allowing for the increase in yield into FY17 where the dividend should grow from $0.44 cps in FY16 to $0.50 cps in FY17, the stock now trades on a forward yield of 4.5%
With the above metric in mind and the reducing chance of a September interest rate rise in the US, (following Friday’s US employment data), we’re likely to see some buy side interest in TCL and other defensive yield names this week.
You're not a member! Trial today
Look to establish an entry point within the $11.30 – $10.70 range.
