TC Energy Dividend yield

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
   CAD per share 
 Price  69.16
 Dividend  3.00
 Earnings  3.62
 Cash-flow  7.13
 Book value  27.66
 Equity  24.97

TC Energy is part of Oil Equipment Services and Distrib. business, which is part of Oil and Gas industry. TC Energy is a company from Canada, and his stocks are publicly traded.

TC Energy paid a total dividend of 2,799 million CAD last year, for a market value of 64,526 millions (Market Cap 64,437 millions). Dividend per share of TC Energy is 3.00 CAD, and his stock market price 69.16 CAD.

According to the chart below, where dividend yield is displayed, TC Energy has a dividend yield of 4.34%, which is higher than the amount offered by both the market average and companies from Canada. It is also bigger than average of Oil and Gas industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.

In addition, you should compare TC Energy dividend yield with other Oil Equipment Services and Distrib. companies or firms from Canada.

Dividend yield of TC Energy

TC Energy Dividend Payout

About the ability of TC Energy to maintain his current dividend of CAD 3.00 per share, an amount that accounts for 4.34%, we should study its payout ratio both on earnings and on cash-flows (see chart below). TC Energy payout on ernings is currently 82.87%, which is higher than the market average, and companies of Oil and Gas industry, which are 42.49% and 42.51% respectively. Both figures show that TC Energy can have problems to keep with his present dividend yield.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of TC Energy is CAD 7.13 per share, which is higher than the dividend per share paid by the company of CAD 3.00, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of TC Energy, compared againt world market average, Canada companies, Oil and Gas industry and Oil Equipment Services and Distrib. sector companies.

TC Energy payout

TC Energy Stock performance

Finally, last moth TC Energy showed a return of 2.90% compared to a worldwide 2.72% average, and a 5.24% of Oil and Gas firms. Over the last year, the company obtained a 41.90% versus a worldwide performance of a 17.42%. More detailed information can be seen in the following graph for Canada and Oil Equipment Services and Distrib. firms.

TC Energy stock and market return

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