TransCanada Co. Declares Quarterly Dividend of $0.48 (TRP)
TransCanada (NYSE:TRP) declared a quarterly dividend on Thursday, February 20th, Analyst Ratings Net reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.48 per share on Wednesday, April 30th. This represents a $1.92 dividend on an annualized basis and a yield of 4.26%.
On the ratings front, analysts at Goldman Sachs initiated coverage on shares of TransCanada in a research note on Tuesday, December 24th. They set a “neutral” rating on the stock.
TransCanada (NYSE:TRP) traded down 1.62% on Thursday, hitting $44.29. 260,951 shares of the company’s stock traded hands. TransCanada has a 52-week low of $42.21 and a 52-week high of $49.65. The stock’s 50-day moving average is $44.14 and its 200-day moving average is $44.34. The company has a market cap of $31.313 billion and a price-to-earnings ratio of 19.55.
TransCanada (NYSE:TRP) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by $0.03. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.31 billion. Analysts expect that TransCanada will post $2.26 EPS for the current fiscal year.
TransCanada Corporation (NYSE:TRP) is a North American energy infrastructure company focused on natural gas pipelines, oil pipelines and energy.
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