RE:Globe & MailHowever, I believe the dividend will stay as is, and the current yield of about 6% is very good for the long term investors. I believe this cancellation has zero impact on TC's dividend policy in the foreseeable future.
retiredcf wrote: 11:30 AM EST, 02/12/2021 (MT Newswires) -- TC Energy (TRP.TO) on Friday said it is cancelling a binding open season for its Keystone pipeline system following U.S. President Joe Biden's decision to cancel a presidential permit for the Keystone XL oil pipeline.
The company said the open season, where shippers contract for space on the pipeline, is being withdrawn because its was for space on the line running from Hardisty, Alberta, to Patoka, Illinois, that would have been freed up had Keystone XL gone ahead.
"The capacity offered would have become available when Keystone XL went into service," the company said in a release.
TC Energy shares were last seen up C$0.92 to C$56.03 on the Toronto Stock Exchange.
Price: 56.07, Change: +0.96, Percent Change: +1.74