TC Energy Declares Quarterly Dividends: A Beacon of Stability in Uncertain Times

As the world grapples with the aftermath of the COVID-19 pandemic and the ongoing geopolitical tensions, investors are seeking refuge in stable, reliable investments. One such investment is TC Energy Corporation (TSX: TRP, NYSE: TRP), a leading North American energy infrastructure company. TC Energy recently declared its quarterly dividends, providing a beacon of stability and reassurance to its shareholders.

TC Energy's dividend history is a testament to its financial strength and commitment to returning value to shareholders. The company has consistently increased its dividend payout over the past 25 years, a streak that continued with the latest announcement. For the quarter ending March 31, 2025, TC Energy declared a quarterly dividend of $0.85 per common share, equivalent to an annualized dividend of $3.40 per common share. This represents a 3.3% increase from the previous quarter's dividend.



TC Energy's dividend growth can be attributed to several factors:

1. Strong Financial Performance: TC Energy has demonstrated solid financial performance, as evidenced by the increase in comparable EBITDA and segmented earnings from continuing operations year over year. This growth is driven by the company's focus on safety, operational excellence, and project execution, which has resulted in increased earnings and cash flow.
2. Project Execution: TC Energy has successfully executed several major projects, such as the Southeast Gateway pipeline, which reached mechanical completion 13% under budget. These projects contribute to the company's growth and help maintain its dividend payout.
3. Dividend Payout Policy: TC Energy has a consistent policy of distributing a significant portion of its earnings as dividends. The company aims to maintain a payout ratio of around 60% to 70% of its earnings, which helps support its dividend growth.
4. Growth Projects: TC Energy continues to invest in growth projects, such as the Coastal GasLink pipeline and Bruce Power life extension program. These projects contribute to the company's earnings growth and help sustain its dividend payout.
5. Debt Management: TC Energy has successfully managed its debt levels, maintaining a strong balance sheet and credit rating. This allows the company to continue investing in growth projects and maintaining its dividend payout.

TC Energy's dividend yield of 5.68% is attractive to income-oriented investors, particularly in the current low-interest-rate environment. The company's strong dividend history and commitment to returning value to shareholders make it an appealing choice for those seeking a stable, reliable investment.

In conclusion, TC Energy's declaration of quarterly dividends is a positive sign for investors seeking a stable, reliable investment in the current uncertain market environment. The company's strong financial performance, successful project execution, dividend payout policy, growth projects, and debt management have all contributed to its consistent dividend growth. With a dividend yield of 5.68% and a 25-year history of consecutive dividend increases, TC Energy is an attractive choice for income-oriented investors. As the world continues to navigate the challenges posed by the pandemic and geopolitical tensions, TC Energy's dividend payout serves as a beacon of stability and reassurance for its shareholders.