Wednesday, January 30, 2008

TransCanada Corp – TRP

"TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure. Our network of more than 59,000 kilometres (36,500 miles) of pipeline taps 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 approximately 360 billion cubic feet of storage capacity. A growing independent power producer, TransCanada also owns, or has interests in, approximately 7,700 megawatts of power generation."

Investors in TranCanada Corp. all received a pay raise yesterday (albeit a small one). TRP raised their quarterly dividend by 6% and reported fourth quarter net income of $0.70/share (up 27% from last year). While fourth quarter earnings were up 8% from 2006. Year over year net income was 5% to $2.31/share, while earning were up 10% to $2.09/share.

In my opinion TRP is a solid Canadian company that should part of the foundation of any diversified dividend growth portfolio. Here’s why I continue to hold TRP:

-Has paid a dividend for the last 42 years
-Long history of increasing dividends (with the exception of 1999 where they cut it from $1.12 to $0.8)
-The purpose of the dividend cut was "to strengthen its financial flexibility and capture North American energy growth opportunities."
-Current P/E – 17.7X
-2008 Estimated PE – 17X
-2009 Estimated PE – 16X
-ROE – 14.1%
-Current Yield – 3.8%
-5 Year Average Yield – 3.5%
-Current Payout Ratio – 63%
-5 Year Historical Payout Ratio – 54%
-3 year dividend growth rate – 11.66%
-5 year dividend growth rate – 6.73%
-Good growth profile with the proposed 3,456-kilometre (2,148-mile) Keystone Pipeline project.

(Disclaimer: I’m am not a financial advisor. Please do your own research and make your opinions on when to buy or sell. Nothing I say should be bastardized or construed in any way to be advice.)

64 comments:

Frog of Finance said...

Note that TansCanada also has a fee-free DRiP and that they currently offer a 2% discount for reinvested dividends.

Disclaimer: I am a TRP shareholder.

Rob in Madrid said...

My Dad bought Trans Canada when they cut thier dividend quite a few years ago. It was one of the few times when he actually had cash available.

Anonymous said...

Useful information. Lucky me I discovered your
website by accident, and I'm surprised why this twist of fate did not took place in advance! I bookmarked it.
Here is my web blog nudeteens

QUALITY STOCKS UNDER 5 DOLLARS said...

Excellent post on trans canada.

Anonymous said...

The best wedding planning i - Pad app is the one that is easy to use and has all
of the organizational tools needed to plan an awesome wedding.

5. 4.

Feel free to surf to my web-site ... wedding website About me

Anonymous said...

There are also many reputed facebook fan page design and fan providers who sell their products
for a price. Facebook fans and you can get Facebook fans cheap if you follow the link at the bottom
of this article. Buy facebook fans or buy twitter followers is a way to
increase the frequency of customer visits to your site and in other way,
to bring more potential customers to your business.


My weblog :: increase facebook fans

Anonymous said...

The irritation could then spread in the baby's buttocks and upper thigh area, as well as the genitals. Because of its anti-fungal properties, it is also sometimes recommended for vaginal yeast infections. Apple-cider vinegar diluted in water kills yeast and provides temporary relief.

Here is my website; how to cure a yeast infection at home test
My web site - yeast infection antibiotics treatment

Anonymous said...

Have I tried a few, most definitely. You need to utilise every tool and potential
outlet you possibly can. Budget.

my site Internet Marketing Plan

Anonymous said...

One quick and important note: make sure you know the requirements and can get them all accomplished for your out-of-state or out-of-country wedding.
What is even more exciting is that you will be able to keep this wedding website for one year,
at no cost to you. 4.

Here is my web blog ... wedding website and invitations
my site > wedding website advertising

Anonymous said...

Moreover it helps in promoting the services of various organizations.
If it is a new product, a gift, the introduction of a new group or even the details of
the products and services, Facebook provides an easy field of advertising.
It gives you info such as fan interaction and visitor demographics but it is limited and can't provide info on sources of traffic, keyword data and other sophisticated data.

Feel free to surf to my site; get Google Plus One Votes

Anonymous said...

Password protection is an ideal way to protect sensitive information you prefer only those authorized have access to.

Many styles of flowers are available at the marketplace especially doomed for ornamentation prospect.
Out of town guests will feel especially welcome if you give
them special attention at the reception.

Have a look at my web-site :: wedding website announcements

Anonymous said...

In that case, this kind of question should not be taken from any show
telecasted in specific country. You must definitely be planning to make it special and memorable
by keeping a good theme, ordering the best food
and choosing the best games. The decline of the East side blues scene was
disheartening, but, it also gave rise to the need for a fresh start, which came
in the form of the next blues-only venue, Antone's, founded by the late Clifford Antone, during the summer of 1975.

Feel free to visit my web site :: pub quiz Anagrams

Anonymous said...

squares with various tea leaves and tea flavors inside each square.
At the end of the party all of the papers write down who they think was the prohibition agent.

I hope you have fun planing a birthday party for your tween, I hope my birthday party ideas for tween's helped you.

Here is my site :: doctype

Anonymous said...

The irritation could then spread in the baby's buttocks and upper thigh area, as well as the genitals. - Direct vaginal contact with chemicals, dyes and perfumes. Seek medical or professional help.

My weblog ... chronic yeast infection and diabetes
my page :: prevent yeast infection antibiotics

Anonymous said...

Food has become the most overused drug and the most underused form of nutrition.
Gaining information about your enemy is the first step in assuring success in defeating him or her.
Long Hair on the Paleo Diet: Omega-3s.

Review my web-site; the paleo diet and alcohol

Anonymous said...

wonderful to discover circuitstoday.com.

Here is my page :: xerox phaser 8560 ram error

Anonymous said...

Check out all-time low of among the notification emails and you
can pull out at any time.

Here is my web page - xerox phaser 8560 service manual

Anonymous said...

Hey would you mind letting me know which web host you're utilizing? I've loaded your
blog in 3 different browsers and I must say this blog loads a lot quicker then most.
Can you suggest a good hosting provider at a honest price?
Cheers, I appreciate it!

Feel free to visit my website: vacation rentals by owners

Anonymous said...

Having read this I believed it was extremely enlightening.

I appreciate you taking the time and effort to put this short article together.
I once again find myself personally spending way too much time both reading and commenting.
But so what, it was still worth it!

my blog :: Kitsch Jewellery

Anonymous said...

Hey very nice web site!! Guy .. Beautiful .
. Wonderful .. I'll bookmark your site and take the feeds also? I am glad to seek out so many useful information right here within the publish, we want develop extra strategies in this regard, thanks for sharing. . . . . .

Feel free to surf to my web blog; http://ali2s0nhbo.modwedding.com

Anonymous said...

Highly descriptive post, I liked that a lot. Will there be a part 2?


Also visit my web blog :: Dominos Vouchers 2013

Anonymous said...

After going over a number of the articles on your website, I truly like your technique of
blogging. I bookmarked it to my bookmark webpage list and will be checking back in the near future.
Take a look at my web site too and tell me what you think.


my blog post funky Fashion Jewellery

Anonymous said...

Greetings! Very useful advice in this particular post!

It is the little changes that make the biggest changes. Many thanks for sharing!



Also visit my web blog fashion jewellery online

Anonymous said...

Hello, i read your blog from time to time and i own a similar one and i was just curious if you get a lot of spam comments?

If so how do you reduce it, any plugin or anything you can suggest?
I get so much lately it's driving me crazy so any support is very much appreciated.

Feel free to surf to my blog - Dominos Vouchers Uk

Anonymous said...

If you would like to get much from this piece of
writing then you have to apply these methods to your won weblog.


Here is my webpage: Tommylee.Com

Anonymous said...

Oh my goodness! Awesome article dude! Thank you so much, However I am having problems with your RSS.
I don't understand the reason why I can't subscribe to it.

Is there anybody having similar RSS problems? Anyone who knows the solution will you kindly respond?
Thanks!!

my webpage; cars Insurance Calculators

Anonymous said...

Have you ever thought about adding a little bit more than just your articles?
I mean, what you say is valuable and everything.

Nevertheless think about if you added some great images or videos to give your posts more, "pop"!
Your content is excellent but with pics and video clips,
this website could undeniably be one of the most beneficial in
its field. Wonderful blog!

Feel free to surf to my web page - Dominos 2 For 1 Vouchers

Anonymous said...

What a material of un-ambiguity and preserveness of precious know-how about unexpected emotions.


Feel free to visit my blog post :: gourmet burger Kitchen voucher

Anonymous said...

Howdy superb website! Does running a blog like this take a lot of work?
I have absolutely no knowledge of programming but I had been hoping to start my own blog in the near future.
Anyhow, if you have any recommendations or tips for new blog owners please share.

I understand this is off topic but I simply wanted to ask.
Thanks!

my site: quirky jewellery uk

Anonymous said...

I’m not that much of a internet reader to be honest but your sites really nice, keep it up!

I'll go ahead and bookmark your site to come back later on. Cheers

Feel free to visit my web page m1.cust.educ.ubc.ca

Anonymous said...

I'm curious to find out what blog platform you happen to be using? I'm experiencing some
minor security problems with my latest blog and I'd like to find something more safe. Do you have any recommendations?

Here is my web page; Www.Streaminghub.Com

Anonymous said...

Hi, I do believe this is an excellent site. I stumbledupon it
;) I may revisit yet again since i have book marked
it. Money and freedom is the greatest way to change, may you
be rich and continue to help other people.


my blog post :: Dominos vouchers 50 off

Anonymous said...

Thanks for sharing your thoughts. I truly appreciate your efforts and I am waiting for your next post thank you once again.



Have a look at my homepage; cars insurance calculators

Anonymous said...

At this time it appears like BlogEngine is the best blogging platform
available right now. (from what I've read) Is that what you're using on your blog?


Feel free to visit my homepage ... Car Insurance Calculator

Anonymous said...

Hi there, I believe your site could be having
internet browser compatibility issues. Whenever I take a look at your blog
in Safari, it looks fine however, when opening in I.
E., it's got some overlapping issues. I merely wanted to give you a quick heads up! Apart from that, excellent website!

Here is my blog - Blogspot.Fr

Anonymous said...

Howdy! I'm at work browsing your blog from my new apple iphone! Just wanted to say I love reading through your blog and look forward to all your posts! Carry on the great work!

Review my weblog; best Android Tablet on the market

Anonymous said...

I absolutely love your blog.. Great colors & theme. Did you build this website yourself?
Please reply back as I'm planning to create my own personal website and would love to learn where you got this from or what the theme is named. Thank you!

Look into my weblog - Dominos Vouchers 10 Off 25

Anonymous said...

I dо nοt knοw if іt's just me or if everybody else experiencing problems with your blog. It appears as if some of the content in your posts are running off the screen. Can somebody else please provide feedback and let me know if this is happening to them as well? This may be a issue with my web browser because I'ѵe had this
happen bеfore. Аppreсіate іt

Reviеw my wеb-site - Quick Loans online

Anonymous said...

How do you spell the name of the chemical?

Feel free to surf to my web site ... xerox phaser 8560mfp

Anonymous said...

Great beat ! I would like to apprentice while you amend your web
site, how could i subscribe for a blog web site? The account helped me a acceptable deal.
I had been a little bit acquainted of this your broadcast offered bright clear idea

My page; Pizza Deals Dominos

Anonymous said...

I'm not sure where you are getting your info, but good topic. I needs to spend some time learning more or understanding more. Thanks for excellent info I was looking for this information for my mission.

Also visit my blog - Www.lyrik-base.de

Anonymous said...

My partner and I stumbled over here by a different web page
and thought I should check things out. I like what I
see so now i am following you. Look forward to going over your web page yet again.


My web page ... Dominos Discount vouchers

Anonymous said...

What's up i am kavin, its my first time to commenting anywhere, when i read this post i thought i could also create comment due to this brilliant post.

My web blog - Best Android Tablet

Anonymous said...

Hello! Quick question that's totally off topic. Do you know how to make your site mobile friendly? My site looks weird when viewing from my iphone 4. I'm trying to find a template or plugin that might be
able to fix this issue. If you have any recommendations,
please share. Thanks!

Also visit my web blog: Dominos Vouchers

Anonymous said...

Thanks for sharing your info. I truly appreciate your efforts and I am waiting for your further post thanks once again.


My homepage: Dominos Uk Voucher code

Anonymous said...

Any time you are obtaining gold bullion coins, the swiss 20 franc shines as being a
consistent performer.

my blog post ,cheap earring for sale

Anonymous said...

Remarkable things here. I'm very satisfied to peer your article. Thanks so much and I am having a look ahead to touch you. Will you please drop me a mail?

My blog :: phaser 8560dn

Anonymous said...

There's certainly a great deal to learn about this topic. I really like all of the points you have made.

Look at my blog post canoeroutes.Org

Anonymous said...

Wow, this piece of writing is good, my sister is analyzing such things,
thus I am going to let know her.

My blog: http://Airjordan2012outlet.com

Anonymous said...

Hello, every time i used to check web site posts here early in the daylight, because i enjoy to learn more and more.


my page; ticketsfor.info

Anonymous said...

I am now not sure the place you are getting your information,
but good topic. I must spend a while studying more or understanding more.
Thank you for wonderful info I was on the lookout for this
info for my mission.

Also visit my web-site ... best digital recorder

Anonymous said...

Thanks , I have recently been searching for information approximately this
subject for a while and yours is the best I have
found out so far. But, what concerning the conclusion? Are
you positive in regards to the supply?

Also visit my site; best buy Dvr

Anonymous said...

A fascinating discussion is worth comment. I believe that you ought to
publish more on this topic, it may not be a taboo matter but typically people do not talk about such
subjects. To the next! All the best!!

Also visit my blog post :: panasonic dvr

Anonymous said...

I am not sure where you're getting your information, but good topic. I needs to spend some time learning more or understanding more. Thanks for excellent information I was looking for this information for my mission.

Here is my homepage samsung tv led

Anonymous said...

Hi, Neat post. There's an issue with your site in web explorer, could test this? IE still is the marketplace chief and a good component to people will omit your fantastic writing because of this problem.

My website :: cheap voice recorders

Anonymous said...

Does your website have a contact page? I'm having a tough time locating it but, I'd like to shoot you an email.
I've got some recommendations for your blog you might be interested in hearing. Either way, great website and I look forward to seeing it improve over time.

Visit my blog post; chombleyspuppets.com

Anonymous said...

Everyone loves it when folks get together and share thoughts.
Great blog, keep it up!

Also visit my homepage: Buy Digital Voice Recorder

Anonymous said...

Thanks for sharing your info. I really appreciate your efforts and I
am waiting for your further post thanks once again.



Stop by my homepage :: pharmacy technician school

Anonymous said...

Outstanding post, I do think people should learn a lot
from this web site its rattling user genial. A great deal of
excellent information on here .

Also visit my web site :: ,cheap earrings for women uk

Anonymous said...

I like what you guys tend to be up too. Such clever work
and exposure! Keep up the good works guys I've you guys to my personal blogroll.

My weblog ... ultimaportal.com

Anonymous said...

sir, satisfy deliver me the video clip.

Also visit my blog; xerox phaser 8560 ink

Anonymous said...

In other words, they go against the grain of the careers
their parents had. You must definitely be planning to make it special and memorable by keeping a good theme, ordering the
best food and choosing the best games. 8.

Look into my site :: best pub quiz Team names

Anonymous said...

Excellent weblog right here! Also your site lots up very fast!

What web host are you the use of? Can I am getting your affiliate link to your host?
I want my site loaded up as fast as yours lol

My blog ambertheissphotography.com

Anonymous said...

We are a bunch of volunteers and starting a new scheme in our community.

Your web site provided us with helpful info
to work on. You've done a formidable process and our entire community shall be thankful to you.

Also visit my web page :: pilgrim jewellery (www.Citeulike.org)