TC Energy Corp T.TRP

TC Energy declares quarterly dividends

[Betteryear2]

CALGARY, Alberta, Feb. 16, 2024 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that its Board of Directors (Board) declared a quarterly dividend of $0.96 per common share for the quarter ending Mar. 31, 2024, on the Company’s outstanding common shares. The common share dividend is payable on Apr. 30, 2024, to shareholders of record at the close of business on Mar. 28, 2024.

TC Energy declares quarterly dividends (globenewswire.com)

[alkhor]

Can anyone explain why some of the TRP preferred shares pay under a 4% dividend while others pay over 11%? Seems to me all should be close to each other.

[Ogopogo26]

Can you provide the ticker and I can have a look? You realize that for preferred shares you have to take the actual dividend and divide by the share price, not the face value or issue price (typically $25) to calculate the yield.

[alkhor]

At around 11% are Trp.pr.f  10.94% TRP.pr.h 11.51% TRP.pr.i  11.12% At the low end are TRP.pr.b  3.62% TRP.pr.c  4.00% All the others are in the 4.68% to 5.6%

[Ogopogo26]

F/h/I are floating preferred shares, so reset every quarter b/c reset every 5 years, next reset dates are in 06/25 & 01/26; reset yields based on current 5-year Canadian government bonds are 10.2 & 10.3% respectively

[alkhor]

Explains a lot, thanks

[mouserman]

STILL have TRP.pr.h , seems to be a safe bet if the markets tank in the nex while. I know its an election year, so the parties in power want the stockmarket to stay strong. But after that even happens, we could see a real serious correction.