The Transurban Group (ASX: TCL) share price has hit another all time high, trading as high as $12.91.
This means the toll road operator's shares have provided shareholders with a year-to-date return of almost 25%.
Transurban is the owner of leading toll roads along Australia's east coast, from Melbourne to Brisbane, and in Virginia, USA. Its toll roads benefit from population growth, road improvements and annual increases in toll prices.
In May this year the company announced a 11.3% jump in toll revenue to $502 million for the quarter ending March 31.
Transurban shares are not exactly cheap, but they do offer investors a safe, reliable and growing dividend yield of around 4%. In this low interest rate environment, especially when compared to the RBA's low cash rate, that's an attractive alternative to term deposits.
