Ferrovial S.A.

Ferrovial, based in Madrid but now also listed in the Netherlands and the United States, is a global infrastructure group whose most valuable assets are stakes in major toll roads such as Canada's 407 ETR and managed lanes in the US, along with airports including a holding in London Heathrow. Long-life concessions give it durable, inflation-linked cash flow. Ferrovial pays a dependable dividend backed by its concession income, which earns it a high DiviScore. A reliable yield from a portfolio of prized infrastructure assets defines its appeal, with much of its value tied to traffic on its roads and airports.