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Data last updated: Oct 19, 2026
Snapshot (as of Oct 19, 2026): TC Energy Corporation (TRP) pays a $3.46 annual dividend ($0.86 quarterly), yielding 4.01% at $61.74/share. Next ex-dividend date 2026-09-29. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.01%
Annual Dividend: $3.46 per share
Payout Ratio: 98.4%
Ex-Dividend Date: 2026-09-29
Dividend Frequency: quarterly
Sector: Energy
Years of Dividend History: 43
TC Energy Corporation dividend income comes from one of North America's largest natural gas pipeline networks, spanning 94,171 kilometers across Canada, the United States, and Mexico. TRP currently yields 4.11%, with trailing twelve-month payments totaling $3.4550 per share. The company pays quarterly, with the next ex-dividend date on September 29, 2026, and the last dividend amount of $0.6190 per share. A beta of 0.981 puts TRP close to market-average volatility, making it a fit for income-focused investors who want energy infrastructure exposure without extreme price swings.
TC Energy Corporation pays out 98.4% of earnings as dividends, a payout ratio classified as high (above 75%). That level of payout is supported by the company's role as an operator of regulated natural gas pipelines and storage facilities, which serve local distribution companies, power generation plants, and LNG export terminals. TC Energy Corporation dividend safety faces real pressure at this payout level: a ratio near 100% leaves almost no buffer if earnings dip, and the dividend history already shows year-over-year declines in multiple years.
TC Energy Corporation dividend history shows a CAGR of 2.7% per year from 2011 to 2025. Per-share payments grew from $1.6800 to $2.4466 over that window (2026 is a partial year and excluded from the calculation). The largest annual increase in the window was 26.3% in 2015, but the data also contains at least one year-over-year decline exceeding 5%, which means growth has not been linear.
| 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) |
TRP fits income-focused investors who prioritize current yield over dividend growth. The yield classification is high (above 4%), but the current 4.11% sits below the 5-year average of 5.49%, meaning buyers today are getting less income relative to TRP's own recent history. The 2.7% annual growth rate over 14 years is slow, and a payout ratio of 98.4% leaves little room to accelerate it. What this stock offers is exposure to a large, regulated natural gas infrastructure network with a meaningful quarterly income stream. The trade-off is a dividend that has shown declines in the historical record and a payout structure that offers minimal cushion.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-29 | $0.6184 |
| 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 | $1.8649 |
| 2025 | $2.4466 |
| 2024 | $2.6903 |
| 2023 | $2.7808 |
| 2022 | $2.7385 |
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