TransCanada declares quarterly dividends
May 03 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 June 30, 2019, on the
Company’s outstanding common shares. The common share dividend is
payable on July 31, 2019 to shareholders of record at the close of
business on June 28, 2019.
The Board also declared quarterly dividends on
the outstanding Cumulative First Preferred Shares as follows:
- For the period up to but excluding June 28, 2019, payable on
June 28, 2019, to shareholders of record at the close of business
on May 31, 2019:
- Series 1 - $0.204125 per share
- Series 2 - $0.22450822 per share
- Series 3 - $0.1345 per share
- Series 4 - $0.18461781 per share
- For the period up to but excluding July 30, 2019, payable on
July 30, 2019, to shareholders of record at the close of business
on July 2, 2019:
- Series 5 - $0.14143750 per share
- Series 6 - $0.19895342 per share
- Series 7 - $0.243938 per share
- Series 9 - $0.265625 per share
- For the period up to but excluding May 31, 2019, payable on May
31, 2019, to shareholders of record at the close of business on May
15, 2019:
- Series 11 - $0.2375 per share
- Series 13 - $0.34375 per share
- Series 15 - $0.30625 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. We
operate 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, we currently own or have interests in
more than 6,600 megawatts of power generation in Canada and the
United States. We are 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 Quarterly Report to
Shareholders dated May 2, 2019 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 Enquiries:Grady
Semmens403.920.7859 or 800.608.7859
Investor & Analyst
Enquiries:David Moneta / Duane Alexander403.920.7911 or
800.361.6522
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