TC Energy Dividend
Dividend criteria checks 3/6
TC Energy is a dividend paying company with a current yield of 5.89%.
Key information
5.9%
Dividend yield
0%
Buyback Yield
| Total Shareholder Yield | 5.9% |
| Future Dividend Yield | 5.5% |
| Dividend Growth | 6.2% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CA$3.840 |
| Payout ratio | 114% |
Recent dividend updates
Recent updates
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) | 5.9% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.1% |
| Industry Average (Oil and Gas) | 4.7% |
| Analyst forecast (TRP.PRI) (up to 3 years) | 5.5% |
Notable Dividend: TRP.PRI's dividend (5.89%) is higher than the bottom 25% of dividend payers in the Canadian market (1.76%).
High Dividend: TRP.PRI's dividend (5.89%) is low compared to the top 25% of dividend payers in the Canadian market (6.15%).
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (114.2%), TRP.PRI's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (1355.6%), TRP.PRI's dividend payments are not well covered by cash flows.