Topic: How To Invest

Dividend Advisor Hotline – Friday, August 24, 2018

Article Excerpt

TRANSCANADA CORP., $57.81, Toronto symbol TRP, operates a 91,500-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Other operations include 4,800 kilometers of crude oil pipelines and 12 power plants. TransCanada last raised its quarterly dividend with the April 2018 payment. Investors now receive $0.69 a share, up 10.4% from $0.625. The new annual rate of $2.76 yields a high 4.8%. The company has yet to confirm whether it will move ahead with its $8.3 billion U.S. Keystone XL pipeline. However, a federal judge has now ordered the State Department to conduct a full environmental review of the new route proposed for the pipeline. It’s unclear how long this review would delay the project if TransCanada decides to go ahead. The company has in the past suggested it could begin construction as early as mid-2019. The $8.3 billion price tag for the project equals roughly 20% of TransCanada’s $52.5 billion (Canadian) market cap. The new line would pump…

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