The Transurban Group (ASX: TCL) share price has travelled sideways over the course of the last few years.
COVID-19 headwinds impacted traffic levels as state government-mandated restrictions were enforced Australia-wide. This led Transurban shares to falter while management focused on navigating the business through the pandemic.
Below, we calculate if the dividends have been worth the wait if a shareholder made an investment 3 years ago.
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What if you had invested $10,000 in Transurban shares 3 years ago?
If you had invested $10,000 in Transurban shares on this day 3 years ago, you would have bought them for around $12.53 each. This would have given you approximately 798 shares without factoring in any dividend reinvestments over the years.
Fast-forward to today, the current Transurban share price is $12.73. This means those 798 shares would now be worth around $10,158.54 (798 shares x $12.73). When considering percentage terms, this implies an upside of 1.59%.
In contrast, the ASX 200 has returned a yearly average of 4.75% to shareholders in the past 3 years.
And the dividends?
Over the course of the last 3 years, Transurban has made a total of 6 bi-annual dividend payments from June 2019 to 2022.
Adding those 6 dividends payments gives us an amount of $1.285 per share. Calculating the number of shares owned against the total dividend payment gives us a figure of $1,025.43 (798 shares x $1.285).
When putting both the initial investment gains and dividend distribution, an investor would have made roughly $11,183.97.
In comparison, investing the same amount in the ASX 200 would have netted you a total figure of $11,493.76.
Transurban share price snapshot
Over the past 12 months, the Transurban share price has shed around 1%, driven by poor trading conditions.
Its shares hit a 52-week low of $12.03 in January, before finding support around the mid $12 mark.
Based on the current share price, Transurban commands a market capitalisation of around $39.09 billion.
