TC Energy Dividends and Buybacks
Dividend criteria checks 4/6
TC Energy is a dividend paying company with a current yield of 5.46% that is well covered by earnings. Next payment date is on 31st January, 2025 with an ex-dividend date of 31st December, 2024.
Key information
5.4%
Dividend yield
-0.03%
Buyback Yield
| Total Shareholder Yield | 5.4% |
| Future Dividend Yield | 5.4% |
| Dividend Growth | 5.9% |
| Next dividend pay date | 31 Jan 25 |
| Ex dividend date | 31 Dec 24 |
| Dividend per share | CA$3.703 |
| Payout ratio | 78% |
Recent dividend and buyback updates
Recent updates
TC Energy Corporation (TSE:TRP) Not Flying Under The Radar
Sep 15
Calculating The Fair Value Of TC Energy Corporation (TSE:TRP)
Aug 30TC Energy Corporation Just Beat Revenue By 7.4%: Here's What Analysts Think Will Happen Next
Aug 05Does TC Energy (TSE:TRP) Have A Healthy Balance Sheet?
Aug 01Returns On Capital At TC Energy (TSE:TRP) Have Hit The Brakes
Jul 04With TC Energy Corporation (TSE:TRP) It Looks Like You'll Get What You Pay For
May 22TC Energy (TSE:TRP) Seems To Be Using A Lot Of Debt
May 01Slowing Rates Of Return At TC Energy (TSE:TRP) Leave Little Room For Excitement
Mar 31TC Energy (TSE:TRP) Will Pay A Larger Dividend Than Last Year At CA$0.96
Mar 15TC Energy (TSE:TRP) Use Of Debt Could Be Considered Risky
Jan 27Calculating The Fair Value Of TC Energy Corporation (TSE:TRP)
Jan 09Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TRP's dividends per share have been stable in the past 10 years.
Growing Dividend: TRP'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) | 5.4% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.3% |
| Industry Average (Oil and Gas) | 4.6% |
| Analyst forecast (TRP) (up to 3 years) | 5.4% |
Notable Dividend: TRP's dividend (5.46%) is higher than the bottom 25% of dividend payers in the Canadian market (1.77%).
High Dividend: TRP's dividend (5.46%) is low compared to the top 25% of dividend payers in the Canadian market (6.35%).
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (77.7%), TRP's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (564.3%), TRP's dividend payments are not well covered by cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/06 22:00 |
| End of Day Share Price | 2025/01/03 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
TC Energy Corporation is covered by 42 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Harshit Gupta | Accountability Research Corporation |
| Nathan Heywood | ATB Capital Markets |
| Christine Cho | Barclays |