These Factors Make TransCanada Corporation (TSE:TRP) An Interesting Investment

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Attractive stocks have exceptional fundamentals. In the case of TransCanada Corporation (TSE:TRP), there's is a dependable dividend-paying company with a a strong track record of delivering benchmark-beating performance. Below, I've touched on some key aspects you should know on a high level. If you're interested in understanding beyond my broad commentary, take a look at the report on TransCanada here.

Solid track record established dividend payer

TRP delivered a bottom-line expansion of 18% in the prior year, with its most recent earnings level surpassing its average level over the last five years. In addition to beating its historical values, TRP also outperformed its industry, which delivered a growth of 17%. This is an notable feat for the company.

TSX:TRP Income Statement, April 9th 2019

Income investors would also be happy to know that TRP is a great dividend company, with a current yield standing at 4.9%. TRP has also been regularly increasing its dividend payments to shareholders over the past decade.

TSX:TRP Historical Dividend Yield, April 9th 2019

Next Steps:

For TransCanada, I've compiled three relevant aspects you should further examine:

1. Future Outlook: What are well-informed industry analysts predicting for TRP’s future growth? Take a look at our free research report of analyst consensus for TRP’s outlook.

2. Financial Health: Are TRP’s operations financially sustainable? Balance sheets can be hard to analyze, which is why we’ve done it for you. Check out our financial health checks here.

3. Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of TRP? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.