Solid track record average dividend payer
In the previous year, TCP has ramped up its bottom line by 13.68%, with its latest earnings level surpassing its average level over the last five years. This strong performance generated a robust double-digit return on equity of 25.09%, which is an notable feat for the company.
For those seeking income streams from their portfolio, TCP is a robust dividend payer as well. Over the past decade, the company has consistently increased its dividend payout, reaching a yield of 15.23%, making it one of the best dividend companies in the market.
For TC PipeLines, there are three relevant aspects you should look at:
- Future Outlook: What are well-informed industry analysts predicting for TCP’s future growth? Take a look at our free research report of analyst consensus for TCP’s outlook.
- Financial Health: Is TCP’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.
- Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of TCP? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!