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Topic: Dividend Stocks

TRANSCANADA CORP. $55.23

TRANSCANADA CORP. $55.23 (Toronto symbol TRP; Shares outstanding: 702.4 million; Market cap: $38.2 billion; TSINetwork Rating: Above Average; Dividend yield: 4.1%; www.transcanada.com) has received the final permits necessary for its $4.8 billion Coastal GasLink pipeline. It would pump natural gas from northeastern B.C. to a proposed liquefied natural gas (LNG) terminal in Kitimat, B.C. From there, tankers would ship the LNG to Asia.

The companies behind the LNG plant will make a final decision by the end of 2016. If they proceed, TransCanada will begin building the pipeline and related facilities in early 2017.

TransCanada is a buy.

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