TC Energy Disburses Quarterly Dividend to Common Shareholders
Company Announces Dividend Yield of 7.71%
Board of Directors Approves Quarterly Dividend Payment
Calgary, Alberta - TC Energy Corporation (NYSE: TRP) (TSX: TRP) announced today that its board of directors has declared a quarterly dividend of $0.83 per share payable on March 10, 2023, to shareholders of record as of the close of business on February 10, 2023.
The dividend represents an annual dividend of $2.83 per share and a forward yield of 7.71% based on the closing stock price of $36.70 on February 3, 2023.
"Our strong financial performance and commitment to returning value to shareholders are reflected in this dividend declaration," said François Poirier, President, and Chief Executive Officer of TC Energy. "This dividend payment is a testament to the confidence we have in our business and our long-term growth prospects."
TC Energy has a long history of paying dividends to its shareholders, having paid dividends for over 20 consecutive years. The company's dividend yield is well above the industry average and provides investors with a stable source of income.