TC Energy Corporation
TRPEnergy · Stock · quarterly payer
Forward Yield
3.54%
Annual Dividend
$2.47
Payout Ratio
101%
5-Yr Growth
2.0%
Ex-Date
Jun 30, 2026
Frequency
Quarterly
Summary
As of July 2026, TC Energy Corporation (TRP) yields 3.54% ($2.47 per share annually), with a blended fair-value estimate of $41.31 — -41% downside, so it screens as overvalued. Dividend safety grade: C (59/100).
Is TRP a good dividend stock?
Yes, with caveatsTC Energy Corporation (TRP) pays a quarterly dividend yielding 3.54% ($2.47/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- 47% total price return over 5 years
Risks
- Cut its dividend in 2015
- Elevated payout ratio (101%)
Key Data
- Dividend Yield
- 3.54%
- Payout Ratio
- 101%
- Annual Dividend
- $2.47
- 5-Yr Avg Growth
- 2.0%
- Ex-Dividend Date
- Jun 30, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.98
- Market Cap
- $71.4B
- P/E Ratio
- 29.3
- 5-Yr Total Return
- 47%
- 52-Week Range
- $46.61 – $71.47
- Dividend Safety
- C · 59/100
- Ever Cut?
- Yes (2015)
Frequently Asked Questions
TRP Price — Last 12 Months
Daily close
Price Return
1 Year
+34%
3 Years
+93%
5 Years
+47%
52-Week Range
$46.61 – $71.47
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is TRP worth?
Overvaluedmedium confidenceOur blended fair-value estimate for TC Energy Corporation is $41.31 per share, versus a market price of $69.76. That implies 41% of downside.
Fair Value
$41.31
Current Price
$69.76
Downside
-41%
Margin of Safety
-69%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 5.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.2% discount rate (CAPM), 5.0% stage-1 growth, 2.5% terminal growth, $2.39 EPS, $2.47 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
TRP Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 30, 2026 | — | $0.6180 | regular |
| Mar 31, 2026 | — | $0.6300 | regular |
| Jun 30, 2025 | — | $0.6210 | regular |
| Mar 31, 2025 | — | $0.5940 | regular |
| Dec 31, 2024 | — | $0.5730 | regular |
| Sep 27, 2024 | — | $0.6500 | regular |
| Jun 28, 2024 | — | $0.6390 | regular |
| Mar 27, 2024 | — | $0.6445 | regular |
| Dec 28, 2023 | — | $0.6418 | regular |
| Sep 28, 2023 | — | $0.6281 | regular |
| Jun 29, 2023 | — | $0.6399 | regular |
| Mar 30, 2023 | — | $0.6253 | regular |
| Dec 29, 2022 | — | $0.6035 | regular |
| Sep 28, 2022 | — | $0.5980 | regular |
Income Calculator
At $2.47 / yr per share
