TC Energy pays you in two ways

Article Excerpt

TC Energy (formerly called TransCanada) has been a terrific performer for our conservative investors (up over 425%) since we first recommended it in our premiere issue (January 1995). In the past year, alone, the stock has gained nearly 30%. Yet, it remains attractively priced in relation to its earnings and cash flow. As a regulated utility, TC Energy generates lots of steady cash flow for investor dividends. The company also continues to add new operations, which in turn help spur its earnings and stock price. The stock remains a buy. TC ENERGY CORP. $68 (Toronto symbol TRP; Conservative Growth and Income Portfolios, Utilities sector; Shares outstanding: 929.0 million; Market cap: $63.2 billion; Price-to-sales ratio: 4.6; Dividend yield: 4.4%; TSINetwork Rating: Above Average; is the new name for TransCanada Corp. (the trading symbol “TRP” remains unchanged). The company was formed in 1951 to build and operate a pipeline that would pump natural gas from Alberta to eastern Canada. The current firm now has 91,900 kilometres…

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