The Transurban Group (ASX: TCL) share price is edging lower today. This comes amid the backdrop of the company's release of its first-half results for FY22 last Thursday.
The toll road operator's shares advanced 1.55% to $13.08 on the day of the announcement. However, since then its shares have fallen wayside with three consecutive days of losses, not including today.
At the time of writing, Transurban shares are swapping hands for $12.71, down 0.24%.
Below we look at the company's latest financial performance and the details regarding the interim dividend for investors.
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How did Transurban perform for H1 FY22?
In the half-year results for the 2022 financial year, Transurban reported challenging trading conditions caused by government-mandated restrictions related to COVID-19.
Proportional toll revenue fell 0.4% to $1.2 billion over the prior corresponding period. This was triggered by average daily traffic which decreased 4.8% generally across all regions.
In addition, proportional earnings before interest, taxes, depreciation and amortisation (EBITDA) slid 4.1% to $805 million.
Free cash also fell 1.6% to $459 million, as a result of a decrease in cash flows from owned assets, an increase in distributions and shareholders' loan note payments, and unfavourable movements in working capital.
Nonetheless, the board declared an unfranked interim dividend of 15 cents per share to eligible shareholders.
Transurban noted that the distributions for the first half were covered by free cash with no capital releases conducted.
Payment details of the Transurban dividend
If you were hoping to get in on the action, unfortunately you are out of luck. The ex-dividend date by which you must have acquired Transurban shares was 30 December 2021.
Furthermore, the company paid the interim dividend to eligible shareholders yesterday.
There was also a distribution reinvestment plan (DRP), where investors receive additional shares in substitution for some or all cash distributions.
The last date for receipt of an election notice for participation in the DRP was 4 January 2022.
While no discount had been applied when determining the price of the stapled securities, just 2.3% of shareholders participated.
