TransCanada Declares Quarterly Dividends
February 14 2019 - 7:35AM
News Release – TransCanada Corporation (TSX, NYSE: TRP)
(TransCanada or the Company) today announced that the Board of
Directors (Board) of TransCanada declared a quarterly dividend of
$0.75 per common share for the quarter ending March 31, 2019, on
the Company’s outstanding common shares. The common share dividend
is payable on April 30, 2019 to shareholders of record at the close
of business on March 29, 2019.
The Board also declared quarterly dividends on the outstanding
Cumulative First Preferred Shares as follows:
|
• |
For the
period up to but excluding March 29, 2019, payable on March 29,
2019, to shareholders of record at the close of business on
February 28, 2019: |
|
|
- Series 1 - $0.204125 per share
- Series 2 - $0.21897534 per share
- Series 3 - $0.1345 per share
- Series 4 - $0.1804 per share
|
|
• |
For the
period up to but excluding April 30, 2019, payable on April 30,
2019, to shareholders of record at the close of business on April
1, 2019: |
|
|
- Series 5 - $0.14143750 per share
- Series 6 - $0.19756849 per share
- Series 7 - $0.25 per share
- Series 9 - $0.265625 per share
|
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.
The Board also approved the issuance of common shares from
treasury at a two per cent discount under TransCanada’s Dividend
Reinvestment Plan (DRP). Under the DRP, investors holding
TransCanada common or preferred shares can receive common shares
instead of cash dividend payments. For further details, including
how to enroll in the program, please refer to
TransCanada.com/Dividends.
With more than 65 years' experience, TransCanada is a leader in
the responsible development and reliable operation of North
American energy infrastructure including natural gas and liquids
pipelines, power generation and gas storage facilities. TransCanada
operates one of the largest natural gas transmission networks that
extends more than 92,600 kilometres (57,500 miles), connecting
major gas supply basins to markets across North America.
TransCanada is a leading provider of gas storage and related
services with 653 billion cubic feet of storage capacity. A large
independent power producer, TransCanada currently owns or has
interests in more than 6,600 megawatts of power generation in
Canada and the United States. TransCanada is also the developer and
operator of one of North America’s leading liquids pipeline systems
that extends approximately 4,900 kilometres (3,000 miles),
connecting growing continental oil supplies to key markets and
refineries. TransCanada’s common shares trade on the Toronto and
New York stock exchanges under the symbol TRP. Visit
TransCanada.com to learn more, or connect with us on social
media.
FORWARD-LOOKING INFORMATION
This publication contains certain information that is
forward-looking and is subject to important risks and uncertainties
(such statements are usually accompanied by words such as
"anticipate", "expect", "believe", "may", "will", "should",
"estimate", "intend" or other similar words). Forward-looking
statements in this document are intended to provide TransCanada
security holders and potential investors with information regarding
TransCanada and its subsidiaries, including management's assessment
of TransCanada's and its subsidiaries' future plans and financial
outlook. All forward-looking statements reflect TransCanada's
beliefs and assumptions based on information available at the time
the statements were made and as such are not guarantees of future
performance. Readers are cautioned not to place undue reliance on
this forward-looking information, which is given as of the date it
is expressed in this news release, and not to use future-oriented
information or financial outlooks for anything other than their
intended purpose. TransCanada undertakes no obligation to update or
revise any forward-looking information except as required by law.
For additional information on the assumptions made, and the risks
and uncertainties which could cause actual results to differ from
the anticipated results, refer to the Fourth Quarter 2018 Financial
Highlights release and 2018 Annual Report filed under TransCanada's
profile on SEDAR at www.sedar.com and with the U.S. Securities and
Exchange Commission at www.sec.gov.
Media Inquiries:Grady Semmens403.920.7859 or
800.608.7859
TransCanada Investor & Analyst
Inquiries:David Moneta / Duane Alexander403.920.7911 or
800.361.6522
TC Energy (TSX:TRP)
Historical Stock Chart
From Mar 2024 to Apr 2024
TC Energy (TSX:TRP)
Historical Stock Chart
From Apr 2023 to Apr 2024