NEW YORK (

TheStreet

) -- The ex-dividend date for

TransCanada

(NYSE:

TRP

) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 44 cents per share. At a price of $44.39 as of 9:30 a.m. ET, the dividend yield is 4%.

The average volume for TransCanada has been 792,500 shares per day over the past 30 days. TransCanada has a market cap of $29.03 billion and is part of the

utilities

sector and

utilities

industry. Shares are up 1.6% year to date as of the close of trading on Monday.

Transcanada Corporation operates as an energy infrastructure company in North America. The company operates in three segments: Natural Gas Pipelines, Oil Pipelines, and Energy. The company has a P/E ratio of 20.5, above the average utilities industry P/E ratio of 19.9 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates TransCanada as a

buy

. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, good cash flow from operations, impressive record of earnings per share growth and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full

TransCanada Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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