SYD reported October 2017 traffic with total passenger growth of +3.8%. International growth was up +5.8%, while domestic growth was up 2.8%.
Strong international traffic growth should continue to underpin dividend per share growth of 2- 3%.
You're not a member! Trial today
Sydney airport is trading near full value and investors should add a covered call option to enhance the yield.
We hold SYD in our ASX 50 model portfolio.
