TC Energy Announces Upcoming Quarterly Dividends for Investors
TC Energy Declares Quarterly Dividends
CALGARY, Alberta – TC Energy Corporation (TSX, NYSE: TRP) has officially declared a quarterly dividend of $0.85 per common share. This dividend pertains to the quarter ending June 30 of this year, reflecting the company's ongoing commitment to providing value to its shareholders. The payment will be made on July 31 to shareholders on record at the close of business on June 30.
Details of Preferred Share Dividends
In addition to the common share dividend, TC Energy also announced quarterly dividends on its outstanding Cumulative First Preferred Shares. Here are the details:
For the period up to June 30, dividends are scheduled as follows:
- Series 1 (TRP.PR.A) - $0.3086875 per share, payable on June 30 to shareholders recorded by June 2.
- Series 2 (TRP.PR.F) - $0.2965603 per share.
- Series 3 (TRP.PR.B) - $0.105875 per share.
- Series 4 (TRP.PR.H) - $0.2566699 per share.
For the period up to July 30, the dividends are set as follows:
- Series 5 (TRP.PR.C) - $0.1218125 per share, to be paid on July 30 to shareholders recorded by June 30.
- Series 6 (TRP.PR.I) - $0.2608459 per share.
- Series 7 (TRP.PR.D) - $0.3740625 per share.
- Series 9 (TRP.PR.E) - $0.3175 per share.
- Series 10 (TRP.PR.L) - $0.3113322 per share.
And finally, for the period up to May 30:
- Series 11 (TRP.PR.G) - $0.2094375 per share, payable on May 30 to shareholders recorded by May 15.
Understanding Eligible Dividends
It is important to note that these dividends are designated by TC Energy as eligible dividends under the Income Tax Act (Canada). This status allows for an enhanced dividend tax credit that applies to Canadian residents, making these dividends more beneficial for local investors.
Dividend Reinvestment Plan
For investors looking to reinvest, TC Energy offers a Dividend Reinvestment and Share Purchase Plan (DRP). Under this plan, common shares purchased with reinvested dividends will be acquired on the Toronto Stock Exchange at 100% of the weighted average purchase price. This option gives shareholders a great opportunity to increase their holdings through the automatic reinvestment of dividends.
About TC Energy
TC Energy is more than just a name in the energy sector; it represents a dedicated team of over 6,500 professionals who are committed to solving energy challenges globally. The company operates an extensive and unique network of natural gas infrastructure assets that encompass the seamless movement, generation, and storage of energy. Their operations ensure that energy reaches homes and businesses efficiently across North America and via LNG exports. Additionally, TC Energy's natural gas assets are supplemented by strategic investments in power generation, anchoring its position as a leader in the energy market.
Contact Information
For media inquiries, please contact Media Relations at:
Phone: 403-920-7859 or 800-608-7859
Email: media@tcenergy.com
For investor and analyst inquiries, reach out to:
Gavin Wylie / Hunter Mau
Phone: 403-920-7911 or 800-361-6522
Email: investor_relations@tcenergy.com
Frequently Asked Questions
What is the quarterly dividend amount declared by TC Energy?
TC Energy has declared a quarterly dividend of $0.85 per common share.
When is the dividend payment date for shareholders?
The dividend payment date for shareholders is July 31 of this year.
What are the benefits of TC Energy's Dividend Reinvestment Plan?
The DRP allows shareholders to acquire additional shares at 100% of the weighted average purchase price using reinvested dividends.
How does TC Energy benefit Canadian residents with its dividends?
The dividends are designated as eligible for enhanced tax credits under the Income Tax Act (Canada), benefiting Canadian residents.
Who can I contact for more information about TC Energy's investor relations?
You can contact Gavin Wylie or Hunter Mau at 403-920-7911 or at investor_relations@tcenergy.com.
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