It's been a big day for the Transurban Group (ASX: TCL) share price this Thursday. Mainly due to the fact that the ASX 200 toll road operator provided its full-year earnings report for FY2022 this morning.
ASX investors have delivered their verdict, and it's not a pretty one. At the time of writing, Transurban shares have lost a painful 4.13% of their value and are now going for $14.06 each.
That's after Transurban closed at $14.66 yesterday and opened at $14.29 this morning.
As my Fool colleague Brooke went through earlier, Transurban reported revenues of $3.4 billion, an 18% rise on its FY2021 numbers. Earnings and after-tax profits also rose by 3.5% and 107.8% respectively.
But perhaps it was the 10.9% increase in costs to $82 million, or else the 0.5% fall in traffic volumes, that have spooked investors today. That's a far more likely explanation than Transurban's next dividend, anyway.
What you need to know about Transurban's dividend today
Many investors buy Transurban shares solely for reliable dividend income. And Transurban certainly reiterated some good news on that front this morning. So let's look at everything you need to know about Transurban's latest dividend.
The company first announced its final dividend for FY2022 of 26 cents per share back in June. This was reaffirmed yesterday. The ex-dividend date was 30 June, but investors will only receive the payment on 23 August next week. This dividend will come partially franked at 8.3468%.
A dividend of 26 cents per share is a healthy 20.9% improvement on the final dividend of 21.5 cents per share in FY2021. It takes Transurban's full-year payout to 41 cents per share, which is again a robust 12% increase on the total of 36.5 cents that investors received for FY2021.
But saying that, we have still yet to approach the pre-COVID highs of FY2019 when investors enjoyed a total of 59 cents per share in dividend income.
So what does this mean for investors? Well, a total of 41 cents per share over the past 12 months means Transurban's trailing dividend yield for FY2022 now stands at 2.92% on the current share price of $14.06.
