TransCanada Corp's Cumulative Redeemable First Preferred Shares Series U About To Put More Money In Your Pocket

On 9/26/13, TransCanada Corp's Cumulative Redeemable First Preferred Shares Series U (Toronto: TCA-PRX) will trade ex-dividend, for its quarterly dividend of $0.70, payable on 10/30/13. As a percentage of TCA.PRX's recent share price of $50.55, this dividend works out to approximately 1.38%, so look for shares of TCA.PRX to trade 1.38% lower -- all else being equal -- when TCA.PRX shares open for trading on 9/26/13. On an annualized basis, the current yield is approximately 5.55%.