TransCanada Reports Q4 and 2015 Results
Diverse energy portfolio performs well despite challenging fiscal times
Common Share Dividend Increased Nine Per Cent to $2.26 Per Share Annually
February 11, 2016 /3BL Media/ - TransCanada Corporation today announced a net loss attributable to common shares for fourth quarter 2015 of $2.5 billion or $3.47 per share compared to net income of $458 million or $0.65 per share for the same period in 2014. For the year ended December 31, 2015, the net loss attributable to common shares was $1.2 billion or $1.75 per share compared to net income of $1.7 billion or $2.46 per share in 2014. Comparable earnings for fourth quarter 2015 were $453 million or $0.64 per share compared to $511 million or $0.72 per share for the same period last year. For the year ended December 31, 2015, comparable earnings were $1.8 billion or $2.48 per share compared to $1.7 billion or $2.42 per share in 2014. TransCanada's Board of Directors also declared a quarterly dividend of $0.565 per common share for the quarter ending March 31, 2016, equivalent to $2.26 per common share on an annualized basis, an increase of nine per cent. This is the sixteenth consecutive year the Board of Directors has raised the dividend.
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