February 23, 2012 at 11:10 AM EST
TransCanada: A Pipeline to Bigger Dividend Hikes?
Lots of companies raise their dividends but few are as predictable as TransCanada (TRP). For more than a decade the pipeline operator and power producer has raised its dividend every January or February and in each of the past six years the increase was exactly $0.02 a quarter or $0.08 annually. That includes the most recent bump on February 14 when the company raised its annual dividend to $1.76 from $1.68 — a jump of 4.8%. The increases may seem rather puny in isolation but they add up to some hefty gains for shareholders. TransCanada's dividend has shot up ...
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