TransCanada Declares Quarterly Dividends
August 02 2018 - 7:35AM
TransCanada Corporation (TSX, NYSE: TRP) (TransCanada or the
Company) today announced that the Board of Directors (Board) of
TransCanada declared a quarterly dividend of $0.69 per common share
for the quarter ending September 30, 2018, on the Company’s
outstanding common shares. The common share dividend is payable on
October 31, 2018 to shareholders of record at the close of business
on September 28, 2018.
The Board also declared quarterly dividends on the outstanding
Cumulative First Preferred Shares as follows:
- For the period up to but excluding September 28, 2018, payable
on September 28, 2018, to shareholders of record at the close of
business on August 31, 2018:
- Series 1 - $0.204125 per share
- Series 2 - $0.20069863 per share
- Series 3 - $0.1345 per share
- Series 4 - $0.16080822 per share
- For the period up to but excluding October 30, 2018, payable on
October 30, 2018, to shareholders of record at the close of
business on October 1, 2018:
- Series 5 - $0.14143750 per share
- Series 6 - $0.17561918 per share
- Series 7 - $0.25 per share
- Series 9 - $0.265625 per share
- For the period up to but excluding August 31, 2018, payable on
August 31, 2018, to shareholders of record at the close of business
on August 15, 2018:
- Series 11 - $0.2375 per share
- Series 13 - $0.34375 per share
- Series 15 - $0.30625 per share
These dividends are designated by TransCanada to be eligible
dividends for purposes of the Income Tax Act (Canada) and any
similar provincial or territorial legislation. An enhanced dividend
tax credit applies to eligible dividends paid to Canadian
residents.
The Board also approved the issuance of common shares from
treasury at a two per cent discount under TransCanada’s Dividend
Reinvestment Plan (DRP). Under the DRP, investors holding
TransCanada common or preferred shares can receive common shares
instead of cash dividend payments. For further details, including
how to enroll in the program, please refer to
TransCanada.com/Dividends.
With more than 65 years' experience, TransCanada is a leader in
the responsible development and reliable operation of
North American energy infrastructure including natural gas and
liquids pipelines, power generation and gas storage facilities.
TransCanada operates one of the largest natural gas transmission
networks that extends more than 91,900 kilometres (57,100 miles),
tapping into virtually all major gas supply basins in North
America. TransCanada is a leading provider of gas storage and
related services with 653 billion cubic feet of storage capacity. A
large independent power producer, TransCanada currently owns or has
interests in approximately 6,100 megawatts of power generation in
Canada and the United States. TransCanada is also the developer and
operator of one of North America’s leading liquids pipeline systems
that extends approximately 4,900 kilometres (3,000 miles),
connecting growing continental oil supplies to key markets and
refineries. TransCanada’s common shares trade on the Toronto and
New York stock exchanges under the symbol TRP. Visit
TransCanada.com to learn more, or connect with us on
social media.
FORWARD-LOOKING INFORMATION
This publication contains certain information that is
forward-looking and is subject to important risks and uncertainties
(such statements are usually accompanied by words such as
"anticipate", "expect", "believe", "may", "will", "should",
"estimate", "intend" or other similar words). Forward-looking
statements in this document are intended to provide TransCanada
security holders and potential investors with information regarding
TransCanada and its subsidiaries, including management's assessment
of TransCanada's and its subsidiaries' future plans and financial
outlook. All forward-looking statements reflect TransCanada's
beliefs and assumptions based on information available at the time
the statements were made and as such are not guarantees of future
performance. Readers are cautioned not to place undue reliance on
this forward-looking information, which is given as of the date it
is expressed in this news release, and not to use future-oriented
information or financial outlooks for anything other than their
intended purpose. TransCanada undertakes no obligation to update or
revise any forward-looking information except as required by law.
For additional information on the assumptions made, and the risks
and uncertainties which could cause actual results to differ from
the anticipated results, refer to the Quarterly Report to
Shareholders dated August 1, 2018 and 2017 Annual Report filed
under TransCanada's profile on SEDAR at www.sedar.com and with the
U.S. Securities and Exchange Commission at www.sec.gov.
Media Inquiries:Grady Semmens403.920.7859 or
800.608.7859
TransCanada Investor & Analyst
Inquiries:David Moneta / Duane Alexander403.920.7911 or
800.361.6522
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