TransCanada Declares Quarterly Dividends

TransCanada Declares Quarterly Dividends 
CALGARY, ALBERTA -- (Marketwired) -- 07/31/14 --  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 $0.48 per common share for the quarter ending
September 30, 2014, on the Company's outstanding common shares. The
common share dividend is payable on October 31, 2014, to shareholders
of record at the close of business on September 30, 2014. 
The Board also declared the following regular dividends on
TransCanada's preferred shares: 


 
 
--  A quarterly dividend of $0.2875 per share for the period up to but
    excluding September 30, 2014, on TransCanada's outstanding Cumulative
    Redeemable First Preferred Shares, Series 1. The dividend is payable on
    September 30, 2014, to shareholders of record at the close of business
    on September 2, 2014. 
--  A quarterly dividend of $0.25 per share for the period up to but
    excluding September 30, 2014, on TransCanada's outstanding Cumulative
    Redeemable First Preferred Shares, Series 3. The dividend is payable on
    September 30, 2014, to shareholders of record at the close of business
    on September 2, 2014. 
--  A quarterly dividend of $0.275 per share for the period up to but
    excluding October 30, 2014, on TransCanada's outstanding Cumulative
    Redeemable First Preferred Shares, Series 5. The dividend is payable on
    October 30, 2014, to shareholders of record at the close of business on
    September 30, 2014. 
--  A quarterly dividend of $0.25 per share for the period up to but
    excluding October 30, 2014, on TransCanada's outstanding Cumulative
    Redeemable First Preferred Shares, Series 7. The dividend is payable on
    October 30, 2014, to shareholders of record at the close of business on
    September 30, 2014. 
--  A quarterly dividend of $0.265625 per share for the period up to but
    excluding October 30, 2014, on TransCanada's outstanding Cumulative
    Redeemable First Preferred Shares, Series 9. The dividend is payable on
    October 30, 2014, to shareholders of record at the close of business on
    September 30, 2014.

These dividends are designated by TransCanada to be eligible dividends
for purposes of the Income Tax Act (Canada) and any similar
provincial or territorial legislation. An enhanced dividend tax
credit applies to eligible dividends paid to Canadian residents.  
Common shares purchased with reinvested cash dividends under
TransCanada's Dividend Reinvestment and Share Purchase Plan (DRP)
will be acquired on the Toronto Stock Exchange at 100 per cent of the
weighted average purchase price. The DRP is available for dividends
payable on TransCanada's common and preferred shares. 
With more than 60 years' experience, TransCanada is a leader in the
responsible development and reliable operation of North American
energy infrastructure including natural gas and oil pipelines, power
generation and gas storage facilities. TransCanada operates a network
of natural gas pipelines that extends more than 68,500 kilometres
(42,500 miles), tapping into virtually all major gas supply basins in
North America. TransCanada is one of the continent's largest
providers of gas storage and related services with more than 400
billion cubic feet of storage capacity. A growing independent power
producer, TransCanada owns or has interests in over 11,800 megawatts
of power generation in Canada and the United States. TransCanada is
developing one of North America's largest oil delivery systems.
TransCanada's common shares trade on the Toronto and New York stock
exchanges under the symbol TRP. For more information visit:
www.transcanada.com or check us out on Twitter @TransCanada or
http://blog.transcanada.com.  
FORWARD LOOKING INFORMATION  
This publication contains certain information that is forward-looking
and is subject to important risks and uncertainties (such statements
are usually accompanied by words such as "anticipate", "expect",
"believe", "may", "will", "should", "estimate", "intend" or other
similar words). Forward-looking statements in this document are
intended to provide TransCanada security holders and potential
investors with information regarding TransCanada and its
subsidiaries, including management's assessment of TransCanada's and
its subsidiaries' future plans and financial outlook. All
forward-looking statements reflect TransCanada's beliefs and
assumptions based on information available at the time the statements
were made and as such are not guarantees of future performance.
Readers are cautioned not to place undue reliance on this
forward-looking information, which is given as of the date it is
expressed in this news release, and not to use future-oriented
information or financial outlooks for anything other than their
intended purpose. TransCanada undertakes no obligation to update or
revise any forward-looking information except as required by law. For
additional information on the assumptions made, and the risks and
uncertainties which could cause actual results to differ from the
anticipated results, refer to the Quarterly Report to Shareholders
dated July 31, 2014 and 2013 Annual Report filed under TransCanada's
profile on SEDAR at www.sedar.com and with the U.S. Securities and
Exchange Commission at www.sec.gov. 
Contacts:
Media Enquiries:
Shawn Howard/ Davis Sheremata
403.920.7859 or 800.608.7859 
TransCanada Investor & Analyst Enquiries:
David Moneta/ Lee Evans
403.920.7911 or 800.361.6522
 
 
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