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TransCanada Rakes In $1.3B in Earnings

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TransCanada Rakes In $1.3B in Earnings

TransCanada Corporation reported comparable earnings for fourth quarter 2012 of $318 million or $0.45 per share. For the year ended December 31, 2012, comparable earnings were $1.3 billion or $1.89 per share.

TransCanada's Board of Directors also declared a quarterly dividend of $0.46 per common share for the quarter ending March 31, 2013, equivalent to $1.84 per common share on an annualized basis, an increase of five per cent. This is the thirteenth consecutive year the Board of Directors has raised the dividend.

"TransCanada's diverse set of high-quality critical energy infrastructure assets performed relatively well over the course of 2012," said Russ Girling, TransCanada's president and chief executive officer. "While the majority of our assets continued to generate stable and…

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