TRANSCANADA CORP. $42.76 - Toronto symbol TRP

TRANSCANADA CORP. $42.76 (Toronto symbol TRP; Shares outstanding: 704.2 million; Market cap: $30.1 billion; TSINetwork Rating: Above Average; Dividend yield: 4.1%; www.transcanada.com) has won a contract to build and operate a $4-billion, 700-kilometre pipeline for Shell Canada and its partners Korea Gas, Mitsubishi and PetroChina.

The pipeline will pump natural gas from the Montney region of eastern B.C. to a proposed liquefied natural gas facility at the port of Kitimat, B.C. From there, tanker ships will transport the liquefied gas to customers in Asia.

TransCanada aims to begin operating the new line by 2020.

TransCanada is a buy.

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Blue chip stocks are big, well-established, dividend-paying corporations with strong business prospects. These are companies that also have sound management that should be able to make the right moves to keep competing successfully in a changing marketplace.

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Dividend stocks make cash payouts that serve as a way for companies to share the wealth they’ve accumulated. These payouts are drawn from earnings and cash flow and paid to the shareholders of the company. Typically, these dividends are paid quarterly, although they may be paid annually or even monthly as well.

Value Stocks

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One of the sweetest and most profitable pleasures of successful investing is to buy high-quality “value stocks” (or stocks that are reasonably priced, if not cheap, in relation to its sales, earnings or assets), then hold on to them as mainstream investors recognize the value and push up the share price.

Growth Stocks

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