Topic: How To Invest

Dividend Advisor Hotline – Friday, February 25, 2022

Article Excerpt

TC ENERGY INC., $66.68, Toronto symbol TRP, remains a buy. TC generates steady cash flow for investors mainly through a 93,300-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Its other operations include 4,900 kilometres of crude oil pipelines and seven power plants. The company will now raise your quarterly dividend by 3.4%. Starting with the April 2022 payment, investors will receive $0.90 a share instead of $0.87. The new annual rate of $3.60 yields a high 5.4%. TC has now raised its dividend rate each of the past 22 years. Meantime, TC continues to benefit from rising oil and gas prices, which have spurred demand for space on its pipelines. It also placed $4.1 billion worth of new projects into service in 2021. As a result, revenue in the quarter ended December 31, 2021, rose 8.7%, to $3.58 billion from $3.30 billion a year earlier. That also topped the consensus forecast of $3.54 billion. However, the company’s earnings…