TRP hikes its dividend

Article Excerpt

TRANSCANADA CORP. $58.96 (Toronto symbol TRP; Shares outstanding: 914.0 million; Market cap: $54.6 billion; TSINetwork Rating: Above Average; Dividend yield: 5.1%; operates a 91,900-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Its other operations include 4,900 kilometres of crude oil pipelines and 11 power plants. The company will increase its quarterly dividend by 8.7% with the April 2019 payment. Investors will receive $0.75 a share, up from $0.69. The new annual rate of $3.00 yields a high 5.1%. Over the last 5 years, TransCanada’s dividend has increased at an average rate of 9.3% annually. The company still plans to increase its annual dividend by 8% to 10% each year through 2021. TransCanada Corp. is a top pick for 2019. 2019…

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.