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TRANSCANADA PIPELINES DECLARES DIVIDENDS

 CALGARY, Alberta, Dec. 3 /PRNewswire/ - The board of directors of TransCanada PipeLines today declared a quarterly dividend of 23 cents per share on the outstanding common shares for the quarter ending Dec. 31, 1993. This is the 120th consecutive dividend paid by TransCanada on its common shares, and is payable on Jan. 31, 1994 to shareholders of record at the close of business on Dec. 31, 1993.
 This dividend represents an increase of 2 cents per share per quarter over the common share dividend which was paid quarterly in 1992.
 The board also declared regular dividends on the company's preferred shares for the quarter ending Feb. 1, 1994. The following dividend payments are payable Feb. 1, 1994 to shareholders of record at the close of business on Dec. 31, 1993.
 Dividend No. 111 was declared on the $2.80 cumulative redeemable first preferred shares in the amount of 70 cents per share.
 Dividend No. 17 was declared on the cumulative redeemable perpetual first preferred shares series K in the amount of $9,600 per share.
 Dividend No. 13 was declared on the cumulative redeemable perpetual first preferred shares series M in the amount of $10,687.50 per share.
 Dividend No. 12 was declared on the cumulative redeemable retractable first preferred shares series N in the amount of $1.125 per share.
 Dividend No. 8 was declared on the cumulative redeemable first preferred shares series O in the amount of $0.9875 per share.
 Dividend No. 6 was declared on the cumulative redeemable first preferred shares series P in the amount of $0.96875 per share.
 Dividend No. 7 was declared on the cumulative equity second preferred shares Series B in the amount of $0.3125.
 In addition, Dividend No. 14 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 March 1, 1994, payable March 1, 1994, to shareholders of record at the close of business on Jan. 31, 1994.
 -0- 12/3/93
 /CONTACT: David Annesley, 403-267-8525/
 (TRP)


CO: TransCanada PipeLines Ltd. ST: Alberta IN: OIL SU: DIV

NY-MF -- LA021 -- 0266 12/03/93 14:02 EST
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Publication:PR Newswire
Date:Dec 3, 1993
Words:364
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