TransCanada Declares Quarterly Dividend

TransCanada has declared a quarterly dividend of C$0.36 per common share for the quarter ending December 31, 2008 on the Company's outstanding common shares. The common share dividend is payable on January 30, 2009 to shareholders of record at the close of business on December 31, 2008.

The Board of Directors also approved the issuance of common shares from treasury at a (2% discount) under TransCanada's Dividend Reinvestment Plan (DRP), for the common share dividend payable on January 30, 2009. Dividends on TransCanada PipeLines Limited (TCPL) outstanding preferred shares are also eligible to participate in the DRP.

Also today, the Board of Directors declared the following regular dividends on TCPL's preferred shares:

  • Dividend Number 41 was declared on the outstanding Cumulative Redeemable First Preferred Shares Series U in the amount of C$0.70 per share for the period ending January 30, 2009. The dividend is payable on January 30, 2009, to shareholders of record at the close of business on December 31, 2008.
  • Dividend Number 40 was declared on the outstanding Cumulative Redeemable First Preferred Shares Series Y in the amount of C$0.70 per share for the period ending February 1, 2009. The dividend is payable on February 2, 2009 to shareholders of record at the close of business on December 31, 2008.

These dividends are designated by the Companies (TransCanada and TCPL) 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.

 

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


Brent Crude Oil : $50.75/BBL 0.09%
Light Crude Oil : $47.73/BBL 0.50%
Natural Gas : $3.05/MMBtu 0.97%
Updated in last 24 hours