CALGARY, ALBERTA -- (Marketwire) -- 07/29/10 -- TransCanada Corporation (TSX: TRP) (NYSE: TRP) (TransCanada or the Company) today announced that the Board of Directors (Board) of TransCanada declared a quarterly dividend of $0.40 per common share for the quarter ending September 30, 2010 on the Company's outstanding common shares. The common share dividend is payable on October 29, 2010 to shareholders of record at the close of business on September 30, 2010. The Board also approved a quarterly dividend of $0.2875 per share for the period ending September 30, 2010, on TransCanada's outstanding Cumulative Redeemable First Preferred Shares, Series 1.
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