TC Energy Dividends and Buybacks
Dividend criteria checks 4/6
TC Energy is a dividend paying company with a current yield of 5.32% that is well covered by earnings. Next payment date is on 30th January, 2025 with an ex-dividend date of 31st December, 2024.
Key information
5.3%
Dividend yield
-0.03%
Buyback Yield
| Total Shareholder Yield | 5.3% |
| Future Dividend Yield | 5.1% |
| Dividend Growth | 5.9% |
| Next dividend pay date | 30 Jan 25 |
| Ex dividend date | 31 Dec 24 |
| Dividend per share | CA$3.703 |
| Payout ratio | 78% |
Recent dividend and buyback updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TRP.PRI's dividends per share have been stable in the past 10 years.
Growing Dividend: TRP.PRI's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| TC Energy Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (TRP.PRI) | 5.3% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.2% |
| Industry Average (Oil and Gas) | 4.3% |
| Analyst forecast (TRP.PRI) (up to 3 years) | 5.1% |
Notable Dividend: TRP.PRI's dividend (5.32%) is higher than the bottom 25% of dividend payers in the Canadian market (1.75%).
High Dividend: TRP.PRI's dividend (5.32%) is low compared to the top 25% of dividend payers in the Canadian market (6.14%).
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (77.7%), TRP.PRI's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (564.3%), TRP.PRI's dividend payments are not well covered by cash flows.