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Key Points:
- TC Energy declared a quarterly dividend of $0.96 per common share, payable on April 30, 2024.
- Quarterly dividends were also announced for several series of Cumulative First Preferred Shares.
- TC Energy offers a Dividend Reinvestment and Share Purchase Plan (DRP) for common and preferred shareholders.
TC Energy Corporation (TSX:TRP) has announced that its Board of Directors has declared a quarterly dividend of $0.96 per common share for the first quarter of 2024. The dividend is payable on April 30, 2024, to shareholders of record as of the close of business on March 28, 2024. This announcement reflects the company’s commitment to providing consistent returns to its shareholders while maintaining financial stability.
Quarterly Common Share Dividend
The dividend of $0.96 per common share continues TC Energy’s tradition of providing stable and reliable dividends to its shareholders. With a payment date of April 30, 2024, investors holding common shares by March 28, 2024, will be eligible to receive the payout. This regular dividend is part of TC Energy's broader strategy to return value to shareholders while supporting long-term business growth and operational sustainability.
Dividends on Cumulative First Preferred Shares
In addition to the common share dividend, TC Energy’s Board of Directors has declared quarterly dividends for its Cumulative First Preferred Shares. These dividends, payable on March 28, 2024, and April 30, 2024, are designated for holders of record by specific cutoff dates and vary by series. The details for each series are as follows:
Dividends Payable on March 28, 2024 (for holders of record by February 29, 2024):
- Series 1 (TRP.PR.A): $0.2174375 per share
- Series 2 (TRP.PR.F): $0.4280309 per share
- Series 3 (TRP.PR.B): $0.105875 per share
- Series 4 (TRP.PR.H): $0.388683 per share
Dividends Payable on April 30, 2024 (for holders of record by April 2, 2024):
- Series 5 (TRP.PR.C): $0.1218125 per share
- Series 6 (TRP.PR.I): $0.4088163 per share
- Series 7 (TRP.PR.D): $0.243938 per share
- Series 9 (TRP.PR.E): $0.235125 per share
These quarterly dividends reaffirm TC Energy's commitment to delivering returns across both common and preferred shareholders, recognizing their continued investment in the company.
Dividend Reinvestment and Share Purchase Plan (DRP)
TC Energy offers shareholders the option to reinvest their cash dividends under the company’s Dividend Reinvestment and Share Purchase Plan (DRP). Dividends reinvested through this plan will be used to purchase common shares on the Toronto Stock Exchange at 100% of the weighted average purchase price. The DRP applies to dividends payable on both common and preferred shares, allowing shareholders to accumulate more shares without incurring additional transaction costs, further compounding their investment in TC Energy.
About TC Energy
TC Energy is a leading energy infrastructure company, employing more than 7,000 professionals. The company is integral to North America’s energy supply, specializing in the transportation, generation, and storage of energy. With extensive operations across Canada, the United States, and Mexico, TC Energy plays a critical role in moving the energy that powers homes and businesses throughout the continent.
