Topic: How To Invest

Dividend Advisor Hotline – Friday, April 25, 2025

Article Excerpt

TC ENERGY CORP., $68.86, Toronto symbol TRP, is a top pick for 2025. The company owns a 93,300-kilometre pipeline network, which pumps natural gas from Alberta to eastern Canada and the U.S. It also has gas pipelines in Mexico, and it owns or invests in seven power plants in Canada and the U.S. On October 1, 2024, TC completed the spinoff of its oil pipeline business as separate company South Bow Corp. (Toronto symbol SOBO). Investors received 0.2 of a South Bow share for every TC share they held. They will not be liable for capital gains taxes until they sell their new shares. Due to the loss of the South Bow assets, TC cut your quarterly dividend by 14.3% with the January 2025 payment. However, the company will now raise your quarterly dividend by 3.3% with the April 30, 2025, payment, to $0.85 a share from $0.8225. The new annual rate of $3.40 yields a high 4.9%. TC recently shut down part of…