Our updates for safety-conscious investors

Article Excerpt

TC ENERGY INC., $70.27, is a buy. The company (Toronto symbol TRP; Shares o/s: 1.0 billion; Market cap: $73.0 billion; TSINetwork Rating: Above Average; Dividend yield: 4.8%; www.tcenergy.com) now plans to spend $900 million U.S. to expand its gas pipeline system supplying natural gas to power plants in the Midwest region of the U.S. That will let it tap into growing demand for power by datacentres that run energy intensive artificial intelligence programs. Moreover, long-term contracts cut the risk of these projects. That will also support TC’s plan to raise its annual dividend by 3% to 5% annually. The current rate of $3.40 a share yields 4.8%. TC Energy is still a buy. CANADIAN PACIFIC KANSAS CITY, $112.22, is a buy. The company (Toronto symbol CP; shares outstandings: 930.5 million; Market cap: $104.4 billion; Rating: Above Average; Dividend yield: 0.7%) took its current form in April 2023 when it acquired U.S.-based railway Kansas City Southern (KCS) for $31 billion U.S. in cash and shares. At that time, CP investors owned 72%…