TransCanada Co. (TRP) Plans Quarterly Dividend of $0.63

TransCanada Co. (TSE:TRP) (NYSE:TRP) announced a quarterly dividend on Wednesday, November 8th, Zacks reports. Investors of record on Friday, December 29th will be given a dividend of 0.625 per share on Wednesday, January 31st. This represents a $2.50 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend is Thursday, December 28th.

Shares of TransCanada (TSE TRP) opened at C$59.69 on Monday. The company has a market cap of $52,380.00, a PE ratio of 29.55 and a beta of 0.28. TransCanada has a 52 week low of C$59.12 and a 52 week high of C$65.24.

In other TransCanada news, Director Patrick M. Keys sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of C$64.83, for a total value of C$38,898.00. Over the last quarter, insiders sold 1,444 shares of company stock valued at $92,047.

Several research analysts have issued reports on the stock. National Bank Financial lifted their target price on shares of TransCanada from C$68.00 to C$69.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 29th. CIBC boosted their price objective on shares of TransCanada from C$70.00 to C$75.00 in a report on Tuesday, November 21st. Citigroup boosted their price objective on shares of TransCanada from C$68.00 to C$71.00 in a report on Friday, December 8th. TD Securities raised shares of TransCanada from a “buy” rating to an “action list buy” rating and boosted their price objective for the company from C$79.00 to C$81.00 in a report on Friday, November 10th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of TransCanada from C$74.00 to C$76.00 in a report on Tuesday, December 5th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$73.56.

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About TransCanada

TransCanada Corporation is an energy infrastructure company. The Company is engaged in the development and operation of North American energy infrastructure, including natural gas and liquids pipelines, power generation and natural gas storage facilities. Its segments include Canadian Natural Gas Pipelines, U.S.

Dividend History for TransCanada (TSE:TRP)

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