Why TC PipeLines LP (NYSE:TCP) Should Have A Place In Your Portfolio

TC PipeLines LP (NYSE:TCP) is a stock with outstanding fundamental characteristics. When we build an investment case, we need to look at the stock with a holistic perspective. In the case of TCP, it is a well-regarded dividend payer with a a strong track record of delivering benchmark-beating performance. In the following section, I expand a bit more on these key aspects. For those interested in understanding where the figures come from and want to see the analysis, read the full report on TC PipeLines here.

Solid track record average dividend payer

In the previous year, TCP has ramped up its bottom line by 13.68%, with its latest earnings level surpassing its average level over the last five years. This strong performance generated a robust double-digit return on equity of 25.09%, which is an notable feat for the company.

For those seeking income streams from their portfolio, TCP is a robust dividend payer as well. Over the past decade, the company has consistently increased its dividend payout, reaching a yield of 15.23%, making it one of the best dividend companies in the market.

Next Steps:

For TC PipeLines, there are three relevant aspects you should look at:

1. Future Outlook: What are well-informed industry analysts predicting for TCP’s future growth? Take a look at our free research report of analyst consensus for TCP’s outlook.
2. Financial Health: Is TCP’s operations financially sustainable? Balance sheets can be hard to analyze, which is why we’ve done it for you. Check out our financial health checks here.
3. Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of TCP? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!

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Simply Wall St analyst Simply Wall St and Simply Wall St have no position in any of the companies mentioned. This article is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.