Topic: How To Invest

The Successful Investor Hotline – Friday, February 14, 2020

Article Excerpt

TC ENERGY INC., $74.62, Toronto symbol TRP, is our #1 Income Buy for 2020. TC generates steady cash flow for investors mainly through the 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. Thanks to those high-quality assets, TC will raise its quarterly dividend by 8.0%. Starting with the April 2020 payment, investors will then 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,…

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