TC Energy Dividend
Dividend criteria checks 4/6
TC Energy is a dividend paying company with a current yield of 7.31%. Next payment date is on 31st July, 2024 with an ex-dividend date of 28th June, 2024.
Key information
7.3%
Dividend yield
143%
Payout ratio
| Industry average yield | 4.7% |
| Next dividend pay date | 31 Jul 24 |
| Ex dividend date | 28 Jun 24 |
| Dividend per share | n/a |
| Earnings per share | CA$2.62 |
| Dividend yield forecast in 3Y | 7.7% |
Recent dividend updates
Recent updates
With TC Energy Corporation (TSE:TRP) It Looks Like You'll Get What You Pay For
May 22
TC 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 09TC Energy Corporation's (TSE:TRP) Shareholders Might Be Looking For Exit
Dec 22Returns On Capital At TC Energy (TSE:TRP) Have Hit The Brakes
Oct 19TC Energy (TSE:TRP) Has No Shortage Of Debt
Sep 22Calculating The Fair Value Of TC Energy Corporation (TSE:TRP)
Aug 09Returns On Capital At TC Energy (TSE:TRP) Have Stalled
Jul 09Does TC Energy (TSE:TRP) Have A Healthy Balance Sheet?
Jun 21TC Energy's (TSE:TRP) Shareholders Will Receive A Bigger Dividend Than Last Year
May 16TC Energy's (TSE:TRP) Dividend Will Be Increased To CA$0.93
May 02Returns On Capital At TC Energy (TSE:TRP) Have Stalled
Mar 25These 4 Measures Indicate That TC Energy (TSE:TRP) Is Using Debt In A Risky Way
Mar 07TC Energy's (TSE:TRP) Dividend Will Be Increased To CA$0.93
Feb 17Returns At TC Energy (TSE:TRP) Appear To Be Weighed Down
Dec 14Here's Why TC Energy (TSE:TRP) Is Weighed Down By Its Debt Load
Nov 16Calculating The Fair Value Of TC Energy Corporation (TSE:TRP)
Oct 12TC Energy Corporation's (TSE:TRP) Intrinsic Value Is Potentially 43% Above Its Share Price
Jul 11Upcoming Dividend Payment
Stability 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) | 7.3% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.4% |
| Industry Average (Oil and Gas) | 4.7% |
| Analyst forecast in 3 Years (TRP) | 7.7% |
Notable Dividend: TRP's dividend (7.31%) is higher than the bottom 25% of dividend payers in the Canadian market (1.84%).
High Dividend: TRP's dividend (7.31%) is in the top 25% of dividend payers in the Canadian market (6.39%)
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (142.6%), TRP's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: TRP is paying a dividend but the company has no free cash flows.