Topic: How To Invest

Dividend Advisor Hotline – Friday, January 8, 2021

Article Excerpt

TC ENERGY INC., $53.97, Toronto symbol TRP, is a buy. TC generates steady cash flow for investors mainly through a 92,600-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 10 power plants. With the April 2020 payment, TC Energy raised your quarterly dividend by 8.0%. Investors now receive $0.81 a share instead of $0.75. The new annual rate of $3.24 yields a high 6.0%. What’s more, the company plans to raise the annual dividend rate by 8% to 10% in 2021, and by 5% to 7% for 2022 and subsequent years. The company has secured a new agreement to acquire TC PipeLines, LP (New York symbol TCP), a U.S. master limited partnership that owns or invests in eight natural gas pipelines. These pipelines serve customers in 22 states and supply 13% of the daily gas needs of the U.S. Right now, TC Energy owns 25.5% of TC…