TC Energy Co. (TRP.TO) (TSE:TRP) Plans Quarterly Dividend of $0.81

TC Energy Co. (TRP.TO) (TSE:TRP) (NYSE:TRP) declared a quarterly dividend on Thursday, October 29th, Zacks reports. Shareholders of record on Thursday, December 31st will be paid a dividend of 0.81 per share on Friday, January 29th. This represents a $3.24 annualized dividend and a yield of 6.19%. The ex-dividend date is Wednesday, December 30th.

Shares of TRP stock traded down C$0.50 on Friday, reaching C$52.32. 591,885 shares of the stock were exchanged, compared to its average volume of 3,275,040. The stock has a market cap of $49.65 billion and a PE ratio of 11.54. TC Energy Co. has a one year low of C$47.05 and a one year high of C$76.58. The company has a debt-to-equity ratio of 146.58, a current ratio of 0.58 and a quick ratio of 0.47. The stock has a 50 day moving average price of C$57.67 and a 200 day moving average price of C$60.75.

TC Energy Co. (TRP.TO) (TSE:TRP) (NYSE:TRP) last released its earnings results on Thursday, July 30th. The company reported C$1.36 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.91 by C$0.45. The firm had revenue of C$3.09 billion for the quarter, compared to the consensus estimate of C$3.13 billion. On average, research analysts expect that TC Energy Co. will post 4.2199997 earnings per share for the current fiscal year.

A number of equities research analysts have recently weighed in on TRP shares. CIBC boosted their target price on TC Energy Co. (TRP.TO) from C$72.00 to C$73.00 in a research report on Friday, July 31st. CSFB reiterated a “neutral” rating and issued a C$65.00 price objective on shares of TC Energy Co. (TRP.TO) in a report on Tuesday, October 6th. Jefferies Financial Group dropped their price objective on TC Energy Co. (TRP.TO) from C$68.00 to C$65.00 in a report on Wednesday, July 22nd. US Capital Advisors reiterated a “buy” rating on shares of TC Energy Co. (TRP.TO) in a report on Friday, July 10th. Finally, Wells Fargo & Company upped their price objective on TC Energy Co. (TRP.TO) from C$70.00 to C$73.00 in a report on Thursday, August 6th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. TC Energy Co. (TRP.TO) currently has a consensus rating of “Buy” and a consensus price target of C$71.40.

About TC Energy Co. (TRP.TO)

TC Energy 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 Power and Storage segments. The company builds and operates 92,600 km network of natural gas pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, LNG export terminals, and other businesses.

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Dividend History for TC Energy Co. (TRP.TO) (TSE:TRP)

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