TC Energy is a dividend paying company with a current yield of 7.29%. Next payment date is on 30th July, 2024 with an ex-dividend date of 2nd July, 2024.
Key information
7.3%
Dividend yield
143%
Payout ratio
Industry average yield
5.0%
Next dividend pay date
30 Jul 24
Ex dividend date
02 Jul 24
Dividend per share
n/a
Earnings per share
CA$2.62
Dividend yield forecast in 3Y
7.7%
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TRP.PRC's dividends per share have been stable in the past 10 years.
Growing Dividend: TRP.PRC's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
TC Energy Dividend Yield vs Market
How does TRP.PRC dividend yield compare to the market?
Segment
Dividend Yield
Company (TRP.PRC)
7.3%
Market Bottom 25% (CA)
1.8%
Market Top 25% (CA)
6.6%
Industry Average (Oil and Gas)
5.0%
Analyst forecast in 3 Years (TRP.PRC)
7.7%
Notable Dividend: TRP.PRC's dividend (7.29%) is higher than the bottom 25% of dividend payers in the Canadian market (1.8%).
High Dividend: TRP.PRC's dividend (7.29%) is in the top 25% of dividend payers in the Canadian market (6.61%)
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (142.6%), TRP.PRC's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: TRP.PRC is paying a dividend but the company has no free cash flows.