TransCanada Corporation (TRP)

[johnsyn]

8:56 AM TransCanada Corporation (TRP) declares $0.46/share quarterly dividend, 5% increase from prior dividend of $0.44. Forward yield 3.82%.

TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) today announced that the Board of Directors (Board) of TransCanada declared a quarterly dividend of $0.46 per common share for the quarter ending March 31, 2013, on the Company's outstanding common shares. This is a five per cent increase over the $0.44 dividend per share paid in each of the previous four quarters. The common share dividend is payable on April 30, 2013, to shareholders of record at the close of business on March 29, 2013.