Tc Pipelines Lp (TRP) to Issue Quarterly Dividend of $0.69 on October 31st
Tc Pipelines Lp (TSE:TRP) (NYSE:TRP) declared a quarterly dividend on Wednesday, August 1st, Zacks reports. Stockholders of record on Friday, September 28th will be given a dividend of 0.69 per share on Wednesday, October 31st. This represents a $2.76 annualized dividend and a dividend yield of 5.18%. The ex-dividend date is Thursday, September 27th.
TRP opened at C$53.26 on Wednesday. Tc Pipelines has a 52-week low of C$50.28 and a 52-week high of C$65.18.
Tc Pipelines (TSE:TRP) (NYSE:TRP) last posted its earnings results on Thursday, August 2nd. The company reported C$0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.76 by C$0.10. Tc Pipelines had a return on equity of 1.10% and a net margin of 4.06%. The firm had revenue of C$3.20 billion for the quarter, compared to analysts’ expectations of C$2.90 billion.
In other Tc Pipelines news, Director Mary Catharine Davis sold 2,000 shares of the business’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of C$54.60, for a total value of C$109,200.00.
About Tc Pipelines
TransCanada Corporation operates as an energy infrastructure company in North America. It operates through Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Energy segments. The company transports natural gas to local distribution companies, power generation and individual facilities, interconnecting pipelines, and other businesses.
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