TransCanada Declares Quarterly Dividend



TransCanada declared a quarterly dividend of $0.40 per common share for the quarter ending June 30, 2010 on the Company's outstanding common shares. The common share dividend is payable on July 30, 2010 to shareholders of record at the close of business on June 30, 2010.

The Board also approved a quarterly dividend of $0.2875 per share for the period ending June 30, 2010, on TransCanada's outstanding Cumulative Redeemable First Preferred Shares, Series 1. The dividend is payable on June 30, 2010, to shareholders of record at the close of business on May 31, 2010.

In addition, the Board approved an initial dividend of $0.3041 per share for the period ending June 30, 2010 on TransCanada's outstanding Cumulative Redeemable First Preferred Shares, Series 3. The dividend is payable on June 30, 2010 to shareholders of record at the close of business on May 31, 2010.


RELATED COMPANIES