TC Energy Boosts Shareholder Returns with New Dividend Declarations

TC Energy Announces Quarterly Dividend Increases

TC Energy Corporation (TSX, NYSE: TRP) has recently declared an increased quarterly dividend of $0.85 per common share. This dividend pertains to the quarter ending March 31, with a payment date set for April 30. Shareholders on record by the close of business on March 31 will receive this dividend, showcasing TC Energy's ongoing commitment to return value to its investors.

Details of Preferred Share Dividends

The Board at TC Energy has also announced dividends for its Cumulative First Preferred Shares, confirming their commitment to maintain consistent shareholder returns across all categories of stock. These dividends cover multiple series and are structured as follows:

Upcoming Dividend Payments

The dividends for the various outstanding preferred shares will be paid out on specific dates:

• For payments due on March 31, 2025, shareholders must be on record by February 28, 2025:
• Series 1 (TRP.PR.A) - $0.3086875 per share
• Series 2 (TRP.PR.F) - $0.3329282 per share
• Series 3 (TRP.PR.B) - $0.105875 per share
• Series 4 (TRP.PR.H) - $0.2934774 per share
• For dividends payable on April 30, 2025, record date is again March 31, 2025:
• Series 5 (TRP.PR.C) - $0.1218125 per share
• Series 6 (TRP.PR.I) - $0.2889247 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) - $0.3388562 per share

Tax Benefits for Shareholders

These dividends are categorized as eligible dividends according to the Income Tax Act of Canada, which offers Canadian residents an enhanced dividend tax credit. This classification encourages more investors to participate in the company’s offerings, further strengthening TC Energy's stakeholder engagement.

Dividend Reinvestment Plan

Investors can also opt into TC Energy's Dividend Reinvestment and Share Purchase Plan (DRP), which allows them to purchase common shares using reinvested dividends at competitive pricing on the Toronto Stock Exchange. This plan serves as an attractive option for investors looking to expand their holdings without additional costs.

About TC Energy Corporation

With a dedicated team of over 6,500 professionals, TC Energy is a leading energy provider renowned for its robust natural gas infrastructure. The company focuses on efficiently moving energy across North America and increasingly aims to tap into global LNG markets. Through its extensive network, TC Energy provides crucial energy resources to homes and businesses, solidifying its role in contributing to energy security.

Trading and Updates

TC Energy's common shares are actively traded on both the Toronto Stock Exchange and the New York Stock Exchange under the ticker TRP. Investors interested in learning more about the company's operations or performance are encouraged to visit the official TC Energy website for the latest updates on their initiatives.

Frequently Asked Questions

What is the amount of the quarterly dividend declared by TC Energy?

TC Energy has declared a quarterly dividend of $0.85 per common share.

When will the dividends be paid?

The dividends are scheduled to be paid on April 30, 2025.

How can shareholders benefit from these dividends?

Shareholders can benefit from enhanced tax credits due to the classification of these dividends as eligible dividends under the Income Tax Act (Canada).

What is TC Energy's main business focus?

TC Energy specializes in natural gas transportation and storage, and it also has significant investments in power generation, aiming to provide energy solutions across North America.

Where can I find more information on TC Energy?

Investors can find more information on TC Energy by visiting their official website or referring to their latest filings on the respective stock exchange platforms.

About The Author

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