News Column

TransCanada Declares Quarterly Dividends

August 22, 2014



By a News Reporter-Staff News Editor at Energy Weekly News -- TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced that the Board of Directors (Board) of TransCanada declared a quarterly dividend of $0.48 per common share for the quarter ending September 30, 2014, on the Company's outstanding common shares. The common share dividend is payable on October 31, 2014, to shareholders of record at the close of business on September 30, 2014.

The Board also declared the following regular dividends on TransCanada's preferred shares: A quarterly dividend of $0.2875 per share for the period up to but excluding September 30, 2014, on TransCanada's outstanding Cumulative Redeemable First Preferred Shares, Series 1. The dividend is payable on September 30, 2014, to shareholders of record at the close of business on September 2, 2014. A quarterly dividend of $0.25 per share for the period up to but excluding September 30, 2014, on TransCanada's outstanding Cumulative Redeemable First Preferred Shares, Series 3. The dividend is payable on September 30, 2014, to shareholders of record at the close of business on September 2, 2014. A quarterly dividend of $0.275 per share for the period up to but excluding October 30, 2014, on TransCanada's outstanding Cumulative Redeemable First Preferred Shares, Series 5. The dividend is payable on October 30, 2014, to shareholders of record at the close of business on September 30, 2014. A quarterly dividend of $0.25 per share for the period up to but excluding October 30, 2014, on TransCanada's outstanding Cumulative Redeemable First Preferred Shares, Series 7. The dividend is payable on October 30, 2014, to shareholders of record at the close of business on September 30, 2014. A quarterly dividend of $0.265625 per share for the period up to but excluding October 30, 2014, on TransCanada's outstanding Cumulative Redeemable First Preferred Shares, Series 9. The dividend is payable on October 30, 2014, to shareholders of record at the close of business on September 30, 2014.

These dividends are designated by TransCanada to be eligible dividends for purposes of the Income Tax Act (Canada) and any similar provincial or territorial legislation. An enhanced dividend tax credit applies to eligible dividends paid to Canadian residents.

Common shares purchased with reinvested cash dividends under TransCanada's Dividend Reinvestment and Share Purchase Plan (DRP) will be acquired on the Toronto Stock Exchange at 100 per cent of the weighted average purchase price. The DRP is available for dividends payable on TransCanada's common and preferred shares.

With more than 60 years' experience, TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure including natural gas and oil pipelines, power generation and gas storage facilities. TransCanada operates a network of natural gas pipelines that extends more than 68,500 kilometres (42,500 miles), tapping into virtually all major gas supply basins in North America. TransCanada is one of the continent's largest providers of gas storage and related services with more than 400 billion cubic feet of storage capacity. A growing independent power producer, TransCanada owns or has interests in over 11,800 megawatts of power generation in Canada and the United States. TransCanada is developing one of North America's largest oil delivery systems. TransCanada's common shares trade on the Toronto and New York stock exchanges under the symbol TRP.

Keywords for this news article include: Energy, Oil & Gas, Utilities, Natural Gas, Investment and Finance.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2014, NewsRx LLC


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Energy Weekly News


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters