TransCanada Corporation (NYSE:TRP) Updates On Quarterly Dividend


As per TransCanada Corporation (NYSE:TRP) statement on 2016-07-28, the shareholders would receive dividend for the gone quarter. The company confirmed that it will disburse $0.433 per share as dividend to stakeholders. The record date is set as 2016-09-30, the payout date as 2016-10-31 and the ex-dividend date is 2016-09-28.

Last fiscal TransCanada Corporation (NYSE:TRP) disbursed cash dividend of $0.433. A year ago, the payout was $0.433, which indicates a difference of -15.9627%. The past track record of five years substantiates that the average payout as given by the firm stands at $0.433, implying -0.8977% growth.

For the period ended on 2015-12-31, TransCanada Corporation (NYSE:TRP)’s earnings came at $0.4 per share compared to EPS of $0.48 a year ago. This quarter the firm can post earnings for quarter ending 2016-09-30 on or around 2016-11-01. For this quarter, the analysts have earnings estimate of $0.43 per share.

The interim price target for TransCanada Corporation (NYSE:TRP) is set at $50.23. This level is the mean price reached by averaging the stock views of 4 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate for TransCanada Corporation (NYSE:TRP) is seen at $58 and the lowest level is established at $43.8. This broad range highlights a standard deviation of $6.178 in reported estimates.

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