TRANSCANADA CORP. $51.93 - Toronto symbol TRP

TRANSCANADA CORP. $51.93 (Toronto symbol TRP; Shares outstanding: 708.0 million; Market cap: $36.3 billion; TSINetwork Rating: Above Average; Dividend yield: 3.7%; www.transcanada.com) has agreed to build a $1.9-billion, 260-kilometre pipeline that would pump natural gas from northeastern B.C.’s Dawson Creek area to a proposed liquefied natural gas (LNG) plant at Kitimat, on the
province’s coast.

The plant is a joint venture between Chevron Corp. (New York symbol CVX) and Apache Corp. (New York symbol APA). Both are recommendations of Wall Street Stock Forecaster, our newsletter that focuses on U.S. stocks.

The Kitimat LNG plant still needs regulatory and other approvals. However, if Chevron and Apache decide to build it, TransCanada expects to complete the pipeline in early 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.

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