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Data last updated: Sep 06, 2026
Snapshot (as of Sep 06, 2026): TC Energy Corporation (TRP) pays a $3.46 annual dividend, yielding 3.99% at $62.61/share. Next ex-dividend date 2026-09-29. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.99%
Annual Dividend: $3.46 per share
Payout Ratio: 102.4%
Ex-Dividend Date: 2026-09-29
Sector: Energy
Years of Dividend History: 43
TC Energy Corporation dividend income is backed by one of North America's largest natural gas pipeline networks, spanning 93,300 kilometers across Canada, the United States, and Mexico. TRP currently pays $3.4550 per share annually, with the most recent dividend of $0.6356 per share and a next ex-dividend date of September 29, 2026. The current yield sits at 3.99%. With a beta of 0.95, TRP stock moves roughly in line with the broader market, making it a fit for income-focused investors who want energy infrastructure exposure without extreme price swings.
TC Energy Corporation pays out 102.4% of earnings as dividends, a payout ratio classified as high (above 75%). That figure exceeds 100%, meaning TRP is currently paying more in dividends than it earns on a reported earnings basis, though the company's regulated pipeline and storage operations generate demand tied to long-term contracts rather than spot commodity prices. TC Energy Corporation dividend safety is the central concern here: a payout ratio above 100% leaves no earnings buffer, and the dividend history shows year-over-year declines in multiple years, which adds to the pressure on sustainability.
TC Energy Corporation dividend history shows a CAGR of 2.7% per year from 2011 to 2025. Per-share payments grew from $1.68 to $2.4466 over that period (2026 data is partial and excluded from this calculation). The largest annual increase in the window was 26.3% in 2015, but the history also contains at least one year-over-year decline exceeding 5%, so growth has not been linear. At 2.7% annually, dividend growth is slow, and income investors relying on TRP for rising income should weigh that rate against inflation.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | -3.7% | $2.74 (2022) | $2.45 (2025) |
| 5-Year | +0.4% | $2.40 (2020) | $2.45 (2025) |
| 10-Year | +0.1% | $2.42 (2015) | $2.45 (2025) |
TC Energy Corporation suits income-focused investors who want exposure to regulated North American energy infrastructure and can accept a payout ratio above 100%. The current yield of 3.99% falls in the moderate (2-4%) range and sits below the 5-year average yield of 4.29%, which means the stock is currently offering less income relative to its own recent history. Consecutive dividend increases stand at zero, and the growth rate of 2.7% per year is slow. What TRP offers is a meaningful per-share income stream backed by 93,300 kilometers of pipeline infrastructure. The trade-off is a strained payout ratio and an uneven growth record.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-29 | $0.6356 |
| 2026-06-30 | $0.6177 |
| 2026-03-31 | $0.6288 |
| 2025-12-31 | $0.6201 |
| 2025-09-29 | $0.6113 |
| 2025-06-30 | $0.6241 |
| 2025-03-31 | $0.5911 |
| 2024-12-31 | $0.5716 |
| 2024-09-27 | $0.7099 |
| 2024-06-28 | $0.7015 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.8821 |
| 2025 | $2.4466 |
| 2024 | $2.6903 |
| 2023 | $2.7808 |
| 2022 | $2.7385 |
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