Topic: How To Invest

Dividend Advisor Hotline – Friday, August 4, 2017

Article Excerpt

TRANSCANADA CORP., $64.11, Toronto symbol TRP, operates a 90,300-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Its other operations include 4,250 kilometers of crude oil pipelines and 17 power plants. Starting with the April 2017 payment, TransCanada increased its quarterly dividend by 10.6%, to $0.625 a share from $0.565. The new annual rate of $2.50 yields a high 3.9%. In 2013, the company announced a plan to build a 900-kilometre pipeline to pump natural gas from northeastern B.C. to a proposed liquefied natural gas (LNG) terminal near Prince Rupert, B.C. From there, tankers would ship the LNG to markets in Asia. The company that planned to build the LNG plant—Malaysia’s Petronas—has now scrapped the project due to increasing competition from producers in Australia and the U.S. Under the terms of its original deal, Petronas will reimburse TransCanada for the funds it has already spent on the project. The company has yet to reveal how much it will…