|Bid||67.50 x N/A|
|Ask||67.60 x N/A|
|Day's Range||67.44 - 68.59|
|52 Week Range||47.90 - 70.25|
|Beta (3Y Monthly)||1.20|
|PE Ratio (TTM)||14.97|
|Earnings Date||Oct. 30, 2019 - Nov. 4, 2019|
|Forward Dividend & Yield||3.00 (4.38%)|
|1y Target Est||70.00|
TC Energy (TSX:TRP)(NYSE:TRP) and these two other stocks could be great investments for investors that don't want to be thinking about their portfolios every day.
Long-term investors should welcome recessions when they come, as they tend to bring discounts in quality stocks such as TC Energy Corp (TSX:TRP)(NYSE:TRP).
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (16,379.87, up 85.92 points).The Green Organic Dutchman Holdings. (TSX:TGOD). Health care. Down 30 cents, or 17.34 per cent, to $1.43 on 8.7 million shares.Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Down 20 cents, or 0.61 per cent, to $32.57 on 5.1 million shares.Encana Corp. (TSX:ECA). Energy. Down seven cents, or 1.25 per cent, to $5.55 on 5 million shares.TC Energy Corp. (TSX:TRP). Energy. Up 78 cents, or 1.15 per cent, to $68.46 on 4.9 million shares.Manulife Financial Corp. (TSX:MFC). Financials. Up 24 cents, or 1.04 per cent, to $23.27 on 4.5 million shares.Bombardier Inc. (TSX:BBD.B). Industrials. Up two cents, or 1.28 per cent, to $1.58 on 4.5 million shares. Companies in the news:The Green Organic Dutchman Holdings Ltd. — The Green Organic Dutchman Holdings Ltd. saw its shares plunge Wednesday after the cannabis company said it was reviewing financing alternatives in order to complete construction at its facilities in Ancaster, Ont., and Valleyfield, Que. The company says due to changing market conditions financing sources have been unavailable on acceptable terms within the timeframes required. Stocks in the cannabis sector have been under pressure in recent months due to various factors, including a slower-than-expected retail rollout and growing concern over a wave of vaping-related illnesses. The Green Organic Dutchman says it has started a review of alternatives.This report by The Canadian Press was first published Oct. 9, 2019.The Canadian Press
(Bloomberg) -- The Coastal GasLink project, a natural gas pipeline TC Energy Corp. is selling, has drawn interest from potential investors including Mubadala Investment Co., according to people familiar with the matter.Other suitors are circling the asset, said the people, who asked to not be identified because the matter isn’t public.TC Energy, which changed its name in May from TransCanada Corp., is working with an adviser to sell up to 75% of Coastal GasLink, which is estimated to cost C$6.2 billion ($4.7 billion) to build, it said in a regulatory filing in January. It’s not clear how much the stake would fetch in a sale.“TC Energy does not comment on market rumours,” the Calgary-based company said in a statement. “As has been previously reported in our quarterly financial disclosures, we continue to advance funding plans for our Coastal GasLink Project including the potential sale of an ownership interest and project financing.”A representative for Mubadala declined to comment.TC Energy has been selling assets to strengthen its balance sheet and fund capital projects, following its $10.2 billion takeover in 2016 of Columbia Pipeline Group Inc.Coastal GasLink will connect gas fields in western Canada’s prolific Montney shale formation with the C$40 billion LNG Canada project on British Columbia’s coast. The 670-kilometers (416 miles) long pipeline is expected to go into service in 2023.Mubadala, Abu Dhabi’s sovereign wealth fund, spent about $19 billion last year expanding into new industries as it seeks to diversify its economy.\--With assistance from Kevin Orland.To contact the reporters on this story: Gillian Tan in New York at email@example.com;Mahmoud Habboush in Abu Dhabi at firstname.lastname@example.org;Vinicy Chan in New York at email@example.comTo contact the editors responsible for this story: Liana Baker at firstname.lastname@example.org, ;Alan Goldstein at email@example.com, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
TC Energy Corp. (TSX:TRP)(NYSE:TRP) is a safe and defensive dividend stock that offers investors a 4.4% dividend yield, and an ever-strengthening position in the energy industry.
CALGARY — A $200-million Danish-Canadian solar power project in Alberta is headed for construction following signing of a contract with TC Energy Corp. to buy just over half of its electricity output.Calgary-based Perimeter Solar Inc. says TC Energy (formerly TransCanada Corp.) has agreed to purchase 74.25 megawatts of electricity from the proposed 130-MW Claresholm Solar project located about 125 kilometres south of Calgary.It says delivery of energy will begin with commercial operation of the project, which is targeted for the end of September in 2020.Obton A/S of Denmark, which bought a 49 per cent interest in Perimeter in June 2017, is to provide funding for construction which is to begin before year-end on land owned by the Granum Hutterite colony near the town of Claresholm.The partners credited Alberta's unregulated electricity market for their decision to proceed, noting in a news release the project will produce power during the day when demand and power pool prices tend to be the highest.TC says the project will add to the 450 MW of electricity it currently operates and markets in Alberta.In August, privately held Greengate Power Corp. of Calgary said it had decided to proceed with its $500-million, 400-MW Travers Solar project with full commercial operations targeted for 2021.The Travers facility is to be located in Vulcan County, about 120 kilometres southeast of Calgary. This report by The Canadian Press was first published Sept. 30, 2019.Companies mentioned in this article: (TSX:TRP) The Canadian Press
News Release -- TC Energy Corporation (TRP.TO) (TRP.TO) (TC Energy) announced today that it has notified the registered shareholder of the applicable dividend rates for Cumulative Redeemable First Preferred Shares, Series 9 (Series 9 Shares) and the Cumulative Redeemable First Preferred Shares, Series 10 (Series 10 Shares). As previously announced in our news release dated September 18, 2019, holders of the Series 9 Shares have the right on October 30, 2019 to convert, on a one-for-one basis, any or all of their Series 9 Shares into Series 10 Shares and receive a floating rate quarterly dividend, or retain any or all of their Series 9 Shares and receive a new fixed rate quarterly dividend. Should a holder of Series 9 Shares choose to retain their shares, such shareholders will receive the new annual fixed dividend rate applicable to the Series 9 Shares of 3.762% for the five-year period commencing October 30, 2019 to, but excluding, October 30, 2024.
TC Energy Corp. (TSX:TRP) (NYSE:TRP) is one of the best stocks to buy during a market correction, offering a generous dividend yield as well as visibility and defensive growth.
Here's how owning top dividend stocks such as Telus Corporation (TSX:T)(NYSE:TU) and a leading pipeline company can help you retire wealthy.
News Release – TC Energy Corporation (TRP.TO) (TRP.TO) (TC Energy) announced today that it does not intend to exercise its right to redeem its Cumulative Redeemable First Preferred Shares, Series 9 (Series 9 Shares) on October 30, 2019. The dividend rate applicable to the Series 9 Shares for the five-year period commencing on October 30, 2019 to, but excluding, October 30, 2024 will equal the Government of Canada five-year bond yield on October 1, 2019 plus 2.35 per cent. The dividend rate applicable to the Series 10 Shares for the three-month period commencing on October 30, 2019 to, but excluding, January 30, 2020 will equal the Government of Canada 90-day treasury bill rate on October 1, 2019 plus 2.35 per cent. Both rates will be calculated according to the terms of the prospectus supplement dated January 13, 2014 and announced by way of a news release on October 1, 2019.
RRSP investors benefit greatly from holding dividend stocks like TC Energy Corp. (TSX:TRP) (NYSE:TRP), which provides safety, income and long-term growth, key characteristics to support a stress-free retirement.
You can bulletproof your portfolio by investing in National Bank of Canada (TSX:NA) and TC Energy Corp. (TSX:TRP)(NYSE:TRP). Both companies are proven recession-proof stocks.
Hydro One Ltd (TSX:H) is one of three great stocks investors can use as pillars for their TFSAs for many years, benefiting from both capital appreciation and dividend income along the way.