TransCanada Declares Quarterly Dividends Board Approves Dividend of $0.42 Per Common Share (TRP)

TransCanada Corporation TRP today announced that the Board of Directors of TransCanada declared a quarterly dividend of $0.42 per common share for the quarter ending June 30, 2011 on the Company's outstanding common shares. The common share dividend is payable on July 29, 2011 to shareholders of record at the close of business on June 30, 2011.