TC Energy Dividends and Buybacks
Dividend criteria checks 3/6
TC Energy is a dividend paying company with a current yield of 5.17%. Next payment date is on 30th April, 2025 with an ex-dividend date of 31st March, 2025.
Key information
5.2%
Dividend yield
-0.1%
Buyback Yield
| Total Shareholder Yield | 5.0% |
| Future Dividend Yield | 5.6% |
| Dividend Growth | 7.1% |
| Next dividend pay date | 30 Apr 25 |
| Ex dividend date | 31 Mar 25 |
| Dividend per share | US$3.400 |
| Payout ratio | 92% |
Recent dividend and buyback updates
Recent updates
Why TC Energy Is A Must-Have For Income And Growth Investors
Dec 22Pipelines Of Prosperity: TC Energy's 4.8% Yield Is Just The Beginning
Nov 27TC Energy: Liquids Spin-Off Creates A Premier Gas Midstream
Nov 12TC Energy: 6% Yield Amidst A North American Energy Boom
Sep 25TC Energy: Buy This 6.3% Yielding Dividend Aristocrat Before Everyone Else Does
Aug 29TC Energy: Growth Focused MLP With Signs Of Becoming A Stable Cash Cow
Aug 22TC Energy: Get Paid 6.4% To Own Low-Risk Mission-Critical Pipelines
Aug 15TC Energy: The Issue With Leverage Makes This A Suboptimal Choice
Jul 02Why 7.5%-Yielding TC Energy Is A Compelling Investment For Value Investors?
May 087%-Yielding TC Energy May Be One Of The Best Income Plays On The Market
Mar 20TC Energy: Series 7 Preferred Shares Ready For Takeoff
Mar 07TC Energy: Massive Q4 Beat And 3% Dividend Increase
Feb 16TC Energy: A Solid 7% Yield With 23 Years Of Consecutive Raises
Feb 01TC Energy: May Be A Value Trap
Jan 11TC Energy: Preferreds Offer Big Yields With Large Premium Over Debt
Dec 08With A 7.5% Yield, And An Upcoming Spinoff, TC Energy Is Attractive
Nov 08TC Energy Preferred Stocks: Better Than Any U.S. Preferred Stocks
Oct 23TC Energy: Not Every Falling Knife Is Worth Catching
Oct 05Why TC Energy Is A Better Buy Than Enbridge
Sep 26TC Energy: Growth Business Strategy And Attractive 7.5% Dividend Yield Make Stock Appealing
Sep 05TC Energy: A High Yield And Growing Dividend Pipeline Play
Aug 16It's The Best Time In 23 Years To Buy 8% Yielding TC Energy
Aug 03TC Energy Shares Have Fallen Too Far (Rating Upgrade)
Jul 27TC Energy: High Yield And Exposure To The Energy Transition
Jun 26TC Energy Has Substantial Catalysts
May 24TC Energy lifts dividend by 3.3% to CAD 0.93/share
Feb 14Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TRP's dividend payments have been volatile 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) | 5.2% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.4% |
| Industry Average (Oil and Gas) | 3.9% |
| Analyst forecast (TRP) (up to 3 years) | 5.6% |
Notable Dividend: TRP's dividend (5.17%) is higher than the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: TRP's dividend (5.17%) is in the top 25% of dividend payers in the US market (4.45%)
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (91.5%), TRP's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (254.1%), 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 | 2025/02/18 08:35 |
| End of Day Share Price | 2025/02/18 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
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.
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 Github.
Analyst Sources
TC Energy Corporation is covered by 42 analysts. 12 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 |
| Theresa Chen | Barclays |