Topic: How To Invest

Dividend Advisor Hotline – Friday, February 21, 2020

Article Excerpt

TC ENERGY INC., $75.88, Toronto symbol TRP, is a buy. TC generates steady cash flow for investors mainly through its 92,600-kilometre pipeline network, which pumps natural gas from Alberta to eastern Canada and the U.S. The company’s other operations include 4,900 kilometres of crude oil pipelines and 10 power plants. Thanks to those high-quality assets, TC is again raising your quarterly dividend—this time by 8.0%, starting with the April 2020 payment. Then, investors will receive $0.81 a share instead of $0.75. The new annual rate of $3.24 yields an impressive 4.3%. As well, TC has now increased its dividend each year for the past 20 years. Meantime, the company’s revenue in the three months ended December 31, 2019, fell 16.4%, to $3.26 billion from $3.90 billion a year earlier. That missed the consensus forecast of $3.71 billion. The revenue drop was due to lower natural gas volumes and a leak that forced TC to temporarily shut down its Keystone crude oil pipeline. However, without…

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