Dividends
The payments and schedule for dividends on TransCanada's common shares follows below. Dividends are paid in Canadian dollars, and are payable as and when declared by the Board of Directors.
| Quarter | Payment Date | Record Date | Ex-Dividend Date | Payment per Share |
|---|---|---|---|---|
| Q1 | Apr 30 2018 | Mar 29 2018 | Mar 28 2018 | $0.69 |
| Q2 | Jul 31 2018 | Jun 29 2018 | Jun 28 2018 | $0.69 |
| Q3 | Oct 31 2018 | Sep 28 2018 | Sep 27 2018 | $0.69 |
| Q4 | Jan 31 2019 | Dec 31 2018 | Dec 28 2018 | $0.69 |
*Annualized based on most recent declared quarterly dividend. Dividends are paid in Canadian dollars, and are payable as and when declared by the Board of Directors.
* Future dates are tentative — for informational purposes only
Note: On May 15, 2003, TransCanada Corporation received regulatory approval to establish it as the parent company of TransCanada PipeLines Limited. For further information on the arrangement, see the TransCanada Corporation FAQ's.
Dividend Reinvestment and Share Purchase Plan
Allows registered common and preferred shareholders to reinvest their cash dividends in additional common shares of TransCanada.
Beginning with dividends declared on July 27, 2016, common shares purchased with reinvested cash dividends are issued from Treasury at a 2% discount to the daily average of the weighted average price of all common shares of the Corporation traded on the Toronto Stock Exchange during each of the five trading days preceding the applicable dividend payment date. Participants are not required to pay brokerage commissions or administrative fees.
Full investment of all funds is possible since fractional shares are also credited to the participant’s account. Statements of Account are mailed to participants each quarter detailing the investments made on their behalf.
Optional Cash Payments
Participants in the plan may make optional cash payments of up to $10,000 per quarter to purchase additional common shares.
Optional cash payments may be made at any time, but payments must be received by our Plan Agent, Computershare Trust Company of Canada at least three business days prior to the dividend payment dates which are generally the last business day of each of January, April, July and October.
Optional cash payments can be made through the authorization/enrolment form (below).
How to Enrol
Beneficial shareholders may be able to enrol through their brokerage firm and should contact their broker. Registered shareholders are required to complete the authorization/enrolment form (below).
Plan Brochure
Canadian Investors (51 KB, PDF)Canadian Investors, French (59 KB, PDF)
US investors (59 KB, PDF)
FAQs
TransCanada, at the discretion of its board of directors, pays a quarterly dividend to common shareholders, and has a long history of increasing the dividend each year. Our Dividend information page has details, including the most recently declared dividend and payment dates.
TransCanada also pays dividends on outstanding preferred shares, according to the provisions of each issue. Details of our preferred shares can be found at Stock information.
TransCanada does not have a formal dividend policy, and dividends are declared at the discretion of our board of directors. However, the company understands that the dividends it pays are an important component of shareholder return, and its stability and growth are critical to our investors. We are proud of our long history of paying and growing the dividend, and we anticipate that as we continue to execute on our capital program, growth in earnings and cash flow will enable future dividend growth.
On February 15, 2018, TransCanada’s board of directors raised the quarterly dividend to $0.69 per share, or $2.76 on an annualized basis. This was the 18th consecutive year the board raised the dividend.
TransCanada’s dividends are paid in Canadian dollars. For US registered shareholders, the payment is converted to US dollars at the prevailing exchange rate on the payment date. Dividend payments to beneficial shareholders in accounts denominated in any currency other than Canadian dollars may be converted to that currency by your broker.
The Dividend Reinvestment Plan and Share Purchase Plan, commonly called the DRIP, allows registered common and preferred shareholders to reinvest their cash dividends in, and make optional cash contributions to purchase additional common shares of TransCanada. Key advantages are that participants are not required to pay brokerage commissions or administrative fees, and full investment of all funds is possible since fractional shares are also credited to the participant’s account.
Yes, dividend payments to registered shareholders can be made by direct deposit. Please contact our transfer agent to register for direct deposit.
If you are a beneficial shareholder, please direct this question to your broker.