10:50 AM EST - TransCanada Corp. : saw its fourth-quarter profits decline to $269 million from a year-earlier $350 million but the Calgary firm said it will raise its quarterly dividend by six per cent. Its profit for the year ended Dec. 31 amounted to 54 cents per diluted share, compared with 71 cents per share in the comparable period a year before. Analysts polled by Thomson Financial had looked on average for earnings of 51 cents per share during the period. For the full year, net income decreased to $1.08 billion, $2.20 per diluted share, from $1.21 billion, $2.47 per share, in 2005. TransCanada Corp.
shares T.TRP are trading off 15 cents at $38.91.
