Business
Big four banks rise, Smartgroup guidance, Transurban distribution update
At lunch on Wednesday the S&P/ASX 200 Index (ASX: XJO) is on course to bounce back from yesterday’s decline. The benchmark index is currently up 0.5% to 6,632.8 points.
Here’s what has been happening on the market today:
Transurban reveals distribution plans.
The Transurban Group (ASX: TCL) share price is trading broadly flat on Wednesday following the release of an update on its distribution plans. The toll road giant revealed that it plans to pay an interim distribution of 15 cents per share. This is half the distribution it paid in the prior corresponding period. Looking ahead, it continues to anticipate that the full year distribution will be in line with free cash, excluding capital releases.
Smartgroup FY 2020…
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