QUOTE AND NEWS
Market Intelligence Center  Dec 9  Comment 
After closing Monday at $46.03, TransCanada Corp (TRP) presents an attractive opportunity to get a 3.73% return in just 73 days, which is an annualized return of 18.67% (for comparison purposes only). To enter this trade, sell one Feb. '15 $45.00...
Market Intelligence Center  Dec 5  Comment 
TransCanada Corp (TRP) presents a trading opportunity that offers a 2.06% return in just 161 days. A covered call on TransCanada at the $45.00 level expiring on May. '15 offers an assigned return rate of 2.06% or 4.68% annualized. This trade...
Bloomberg  Dec 5  Comment 
Christie Says U.S. Needs to Pay More Attention to Canada New Jersey Governor Chris Christie, a potential presidential candidate in 2016, said the U.S. government’s delay in...
Reuters  Dec 2  Comment 
TransCanada Corp, Canada's No.2 pipeline operator, is pausing work on a proposed oil export terminal in Quebec, after a federal committee recommended that Beluga whales in the St. Lawrence river be listed as an 'endangered' species.
Reuters  Nov 27  Comment 
TransCanada Corp, under pressure from an activist hedge fund to overhaul its business, said on Wednesday its board adopted new bylaws that require advance notice of...
Reuters  Nov 26  Comment 
TransCanada Corp will not renew its contract with U.S. public relations company Edelman after a leaked pitch for a campaign against opponents of one of the Canadian pipeline operator's biggest projects drew heavy criticism.
TheStreet.com  Nov 20  Comment 
NEW YORK (TheStreet) -- TransCanada Corp. shares are up 0.57% to $50.97 in early market trading on Thursday after the energy infrastructure company announced plans to double its dividend growth rate through 2017. The company said that it has...
Bloomberg  Nov 20  Comment 
TransCanada Won’t Say Uncle in Battle Over Keystone XL TransCanada Corp. is redoubling efforts to show why the U.S. needs its Keystone XL pipeline after the project’s...




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TransCanada Corporation (TRP)

Business of TransCanada Corp

TransCanada is a leading North American energy infrastructure company focused on Natural Gas Pipelines, Oil Pipelines and Energy. At Year End, Natural Gas Pipelines accounted for approximately 54 per cent of revenues and 51 per cent of TransCanada’s total assets

Natural Gas Pipelines Business

TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure including natural gas and regulated gas storage facilities. TransCanada's network of wholly owned natural gas pipelines extends more than 37,000 miles, and its partially owned natural gas pipelines extend more than 5,500 miles, tapping into virtually all major gas supply basins in North America.

Dividends

TransCanada's payment of dividends is primarily funded from dividends TransCanada receives as the sole common shareholder of TransCanada PipeLines Limited.

Dividend Reinvestment and Share Purchase Plan

TransCanada has a Dividend Reinvestment and Share Purchase Plan which permits shareholders of TransCanada and preferred shareholders of TCPL, to elect to reinvest their cash dividends in additional Common Shares of TransCanada. These Common Shares may be provided to the participants at a discount to the average market price in the five days before dividend payment. The discount was set at three per cent in 2009 and 2010, and was reduced to two per cent commencing with the dividends declared in February 2011. The discount was set at two per cent for 2008 and was increased to three per cent commencing with the dividend declared in February 2009. Participants may also make additional cash payments of up to $10,000 per quarter to purchase additional Common Shares, which optional purchases are not eligible for any discount on the price of Common Shares. Participants are not responsible for payment of brokerage commissions or other transaction expenses for purchases made pursuant to the Dividend Reinvestment and Share Purchase Plan. [1]

References

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