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TRANSCANADA PIPELINES DECLARES DIVIDENDS

 TRANSCANADA PIPELINES DECLARES DIVIDENDS
 CALGARY, Alberta, March 17 /PRNewswire/ -- The board of directors of


TransCanada PipeLines (Toronto, Montreal, Vancouver, Calgary: TRP) today declared a quarterly dividend of 19 cents per share on the outstanding common shares for the quarter ending March 31, 1992. This is the 113th consecutive dividend paid by TransCanada on its common shares. The dividend will be payable on April 30, 1992 to the shareholders of record at the close of business on March 31, 1992.
 TransCanada's board of directors also declared regular dividend payments on preferred shares for the quarter ending May 1, 1992. The following preferred dividends are payable May 1, 1992, to the shareholders of record at the close of business on March 31, 1992.
 Dividend No. 104 was declared on the $2.80 cumulative redeemable first preferred shares in the amount of 70 cents per share.
 Dividend No. 29 was declared on the cumulative redeemable first preferred shares series H in the amount of $1.0875 per share.
 Dividend No. 26 was declared on the cumulative redeemable first preferred shares series I in the amount of $0.975 per share.
 Dividend No. 20 was declared on the cumulative redeemable retractable first preferred shares series J in the amount of $0.95 per share.
 Dividend No. 10 was declared on the cumulative redeemable perpetual first preferred shares series K in the amount of $9,600 per share.
 Dividend No. 6 was declared on the cumulative redeemable perpetual first preferred shares series M in the amount of $10,687.50 per share.
 Dividend No. 5 was declared on the cumulative redeemable retractable first preferred shares series N in the amount of $1.125 per share.
 In addition, dividend No. 7 was declared on the cumulative redeemable perpetual first preferred Shares Series L in the amount of $10,156.25 per share for the quarter ending June 1, 1992, payable June 1, 1992, to the shareholders of record at the close of business on April 30, 1992.
 And dividend No. 1 was declared on the cumulative redeemable first preferred shares series O in the amount of $1.4853 per share for the period from and including Dec. 17, 1991 and to and including May 1, 1992, payable May 1, 1992, to the shareholders of record at the close of business March 31, 1992.
 -0- 3/17/92
 /CONTACT: Frank Dabbs of TransCanada PipeLines, 403-267-8525/
 (TRP.) CO: TransCanada PipeLines Ltd. ST: Alberta IN: OIL SU: DIV


KJ -- LA014 -- 8796 03/17/92 13:13 EST
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Publication:PR Newswire
Date:Mar 17, 1992
Words:418
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