TC Energy Corporation (TRP) To Go Ex-Dividend on June 30th

TC Energy Corporation (NYSE:TRP) (TSE:TRP) declared a quarterly dividend on Wednesday, April 29th. Stockholders of record on Tuesday, June 30th will be given a dividend of 0.8775 per share by the pipeline company on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Tuesday, June 30th.

TC Energy has decreased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. TC Energy has a dividend payout ratio of 89.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect TC Energy to earn $2.88 per share next year, which means the company should continue to be able to cover its $2.54 annual dividend with an expected future payout ratio of 88.2%.

TC Energy Stock Down 0.8%

NYSE:TRP opened at $69.66 on Friday. The stock has a 50-day simple moving average of $66.86 and a 200 day simple moving average of $62.06. TC Energy has a 52-week low of $46.29 and a 52-week high of $71.47. The company has a market cap of $69.66 billion, a PE ratio of 30.23 and a beta of 0.66. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.57 and a current ratio of 0.65.

TC Energy (NYSE:TRP) (TSE:TRP) last released its earnings results on Friday, May 1st. The pipeline company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.70 by $0.02. The firm had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.20 billion. TC Energy had a return on equity of 10.74% and a net margin of 22.22%.During the same quarter in the previous year, the business posted $0.95 EPS. On average, sell-side analysts expect that TC Energy will post 2.75 EPS for the current fiscal year.

TC Energy Company Profile

TC Energy (NYSE: TRP) is a North American energy infrastructure company headquartered in Calgary, Alberta. Formerly known as TransCanada, the company rebranded as TC Energy to reflect its broad presence across Canada, the United States and Mexico. TC Energy develops, owns and operates a diversified portfolio of energy infrastructure assets that play a central role in the transportation and delivery of energy across the continent.

The company’s principal businesses include long‑distance natural gas transmission, liquids (crude oil) pipelines, natural gas storage and power generation.