TC Energy Corporation (NYSE:TRP) Shares Will Pay Quarterly Dividend of C$0.88

TC Energy Corporation (NYSE:TRP) (TSE:TRP) declared a quarterly dividend on Thursday, November 5th. Stockholders of record on Thursday, December 31st will be paid a dividend of C$0.88 per share by the pipeline company on Friday, January 29th. This represents a $3.51 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Thursday, December 31st.

TC Energy has decreased its dividend by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 1 years. TC Energy has a payout ratio of 88.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect TC Energy to earn $2.91 per share next year, which means the company should continue to be able to cover its $2.53 annual dividend with an expected future payout ratio of 86.9%.

TC Energy Stock Performance

Shares of TRP stock traded down $0.05 during mid-day trading on Thursday, reaching $62.56. 3,455,086 shares of the company’s stock traded hands, compared to its average volume of 2,559,709. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.54 and a current ratio of 0.61. The firm has a market capitalization of $62.56 billion, a PE ratio of 25.96 and a beta of 0.64. TC Energy has a 12 month low of $49.64 and a 12 month high of $71.47. The firm has a 50 day moving average price of $61.35 and a two-hundred day moving average price of $63.76.

TC Energy (NYSE:TRP) (TSE:TRP) last announced its earnings results on Thursday, November 5th. The pipeline company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03. TC Energy had a return on equity of 11.10% and a net margin of 22.91%. During the same period in the previous year, the company posted $0.77 EPS. On average, research analysts forecast that TC Energy will post 2.79 EPS for the current year.

About TC Energy

TC Energy Corporation (NYSE: TRP) is a North American energy infrastructure company that develops and operates natural gas pipelines, storage facilities, power-generation assets and related energy infrastructure. Its natural gas pipeline network connects major supply basins with utilities, power producers, industrial customers and local distribution companies.

The company’s operations are primarily located in Canada and the United States, with additional natural gas pipeline interests in Mexico.