TransCanada Q4 net income $1.1 billionStaff Writer | February 15, 2019
TransCanada Corporation announced net income attributable to common shares for fourth quarter 2018 of $1.1 billion or $1.19 per share compared to net income of $0.9 billion or $0.98 per share for the same period in 2017.
TransCanada For the year, net income attributable to common shares was $3.5 billion
Comparable earnings for fourth quarter 2018 were $946 million or $1.03 per common share compared to $719 million or $0.82 per share for the same period in 2017.
For the year ended December 31, 2018, comparable earnings were $3.5 billion or $3.86 per common share compared to $2.7 billion or $3.09 per share in 2017.
TransCanada's board of directors also declared a quarterly dividend of $0.75 per common share for the quarter ending March 31, 2019, equivalent to $3.00 per common share on an annualized basis, an increase of 8.7 per cent.
This is the nineteenth consecutive year the Board of Directors has raised the dividend. ■