Transurban Group (ASX:TCL) has declared its final dividend of the year, totaling 31.5 Australian cents per share.

Additionally, the company reported fiscal year profit attributable at A$64 million, a rise of 211.3% from the previous year.

In the same period, revenue from ordinary activities increased by 22.1%, reaching A$4,157 million.

Looking forward to the fiscal year of 2024, the distribution is expected to be 62 Australian cents per share.

The company expects that new assets and long-term structural trends will continue to support traffic growth in the fiscal year 2024.

They also predict a growth in their pipeline of opportunities, which is expected to support distribution growth.

Moreover, the joint venture WestConnex is projected to benefit after the completion of the Rozelle Interchange in FY24.

Transurban Group is a global infrastructure company, operating multiple toll roads in Australia, North America and the United Kingdom.