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TC Energy Corp (TRP) operates natural gas, oil, and power generation assets in Canada and the United States.

The firm operates more than 60,000 miles of oil and gas pipelines, more than 650 billion cubic feet of natural gas storage, and about 4,300 megawatts of electric power.

The company was formerly known as TransCanada Corporation and changed its name to TC Energy Corporation in May 2019.

TC Energy Corporation was founded in 1951 and is headquartered in Calgary, Canada.

Three key data points gauge TC Energy Corp or any dividend-paying firm.

The key three are:

(1) Price

(2) Dividends

(3) Returns

Those three keys also best tell whether any company has made, is making, and will make money.

TRP Price

TC Energy’s share price increased about 16.5% in the past year from $39.78 to $46.34 as of Wednesday’s market close.

In the past 5 years, the company’s share price has ranged from $32.90 to $59.38. Which, by the way, was TRP’s all-time high price reached June 7, 2022.

Should the company conform to the average one-year price gains per the past 5 years, share price could grow $2.36 to $48.70 in the next year.

TRP Dividend

TC Energy has paid variable quarterly dividends since January 31st, 1985.

The company’s most recent Q dividend of $0.5988 was declared February 14th for shareholders of record prior to March 31st, and the payout is due April 30th.

A forward-looking annual dividend of $2.40 yields 5.17% per Wednesday’s closing price.

TRP Returns

Putting it all together, a $4.76 estimated gross gain per share shows up by adding TC Energy Corp’s annual $2.40 dividend to the estimated $2.36 estimated annual price gain, totaling that $4.76 gross amount.

A little over $1000 buys 22 shares at Wednesday’s $46.34 share price.

A $10 broker fee (if charged), collected half at purchase and half at sale, might take about $0.455 per share out of the $4.76 gross-gain to give us a $4.305 net amount per share to multiply by 22 shares, to equal $94.71 for about a 9.4% estimated net gain on the year.

Furthermore, the $51.70 annual dividend income from $1k invested in TC Energy Corp is $5.36 greater than the single-share price.

By these numbers, TC Energy Corp may be an ideal dividend dog.

Therefore, you may choose to pounce on TRP as a 74-year-old quarterly dividend-paying energy pipeline and storage company with 40 40-year dividend record.

The exact track of TC Energy Corp's future price and dividend will entirely be determined by market action and company finances.   

Remember, the best way to track stock performance and dividend payments is through direct ownership of company shares.

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