TC Energy declares quarterly dividends for Series 11 and 15 preferred shares

Rhea-AI Summary

TC Energy Corporation (TRP) announced quarterly dividends on its Series 11 and 15 Cumulative First Preferred Shares. Shareholders of record by January 31, 2022, will receive $0.2094375 per share for Series 11 and $0.30625 per share for Series 15, payable on February 28, 2022. These dividends are eligible under the Income Tax Act (Canada), providing enhanced tax credits for Canadian residents. The Dividend Reinvestment Plan allows the purchase of common shares at the weighted average price on the Toronto Stock Exchange.

Positive

• Quarterly dividends of $0.2094375 (Series 11) and $0.30625 (Series 15) indicate stable income for shareholders.
• Dividends are designated as eligible, offering enhanced tax credits to Canadian residents.

Negative

• None.

CALGARY, Alberta, Dec. 08, 2021 (GLOBE NEWSWIRE) -- News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that the Board of Directors (Board) of TC Energy declared quarterly dividends on outstanding Series 11 and 15 Cumulative First Preferred Shares as follows:

• For the period up to but excluding Feb. 28, 2022, payable on Feb. 28, 2022 to shareholders of record at the close of business on Jan. 31, 2022:
  • Series 11 (TRP.PR.G) - $0.2094375 per share
  • Series 15 (TRP.PR.K) - $0.30625 per share
    

These dividends are designated by TC Energy to be eligible dividends for purposes of the Income Tax Act (Canada) and any similar provincial or territorial legislation. An enhanced dividend tax credit applies to eligible dividends paid to Canadian residents.

Common shares purchased with reinvested cash dividends under TC Energy’s Dividend Reinvestment and Share Purchase Plan (DRP) will be acquired on the Toronto Stock Exchange at 100 per cent of the weighted average purchase price. The DRP is available for dividends payable on TC Energy’s common and preferred shares.

About TC Energy
We are a vital part of everyday life — delivering the energy millions of people rely on to power their lives in a sustainable way. Thanks to a safe, reliable network of natural gas and liquids pipelines, along with power generation and storage facilities, wherever life happens — we’re there. Guided by our core values of safety, innovation, responsibility, collaboration and integrity, our 7,500 people make a positive difference in the communities where we operate across Canada, the U.S. and Mexico.

TC Energy’s common shares trade on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP. To learn more, visit us at TCEnergy.com.

FORWARD-LOOKING INFORMATION
This release contains certain information that is forward-looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as "anticipate", "expect", "believe", "may", "will", "should", "estimate", "intend" or other similar words). Forward-looking statements in this document are intended to provide TC Energy security holders and potential investors with information regarding TC Energy and its subsidiaries, including management's assessment of TC Energy's and its subsidiaries' future plans and financial outlook. All forward-looking statements reflect TC Energy's beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. As actual results could vary significantly from the forward-looking information, you should not put undue reliance on forward-looking information and should not use future-oriented information or financial outlooks for anything other than their intended purpose. We do not update our forward-looking information due to new information or future events, unless we are required to by law. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to the most recent Quarterly Report to Shareholders and Annual Report filed under TC Energy’s profile on SEDAR at www.sedar.com and with the U.S. Securities and Exchange Commission at www.sec.gov.

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Media Inquiries:
Jaimie Harding / Suzanne Wilton
media@tcenergy.com
403-920-7859 or 800-608-7859

Investor & Analyst Inquiries:
David Moneta / Hunter Mau
investor_relations@tcenergy.com
403-920-7911 or 800-361-6522

PDF available: http://ml.globenewswire.com/Resource/Download/9ac4123f-fb6d-4e38-b39e-1d12ff821e17

 

FAQ

What are the dividend amounts for TC Energy's Series 11 and Series 15 shares?

The dividend amounts are $0.2094375 for Series 11 and $0.30625 for Series 15.

When are the dividends for TC Energy payable?

The dividends are payable on February 28, 2022.

Who is eligible to receive the quarterly dividends from TC Energy?

Shareholders of record by January 31, 2022, are eligible for the quarterly dividends.

What does it mean for dividends to be designated as eligible dividends?

Eligible dividends qualify for an enhanced dividend tax credit for Canadian residents.

How can shareholders reinvest dividends in TC Energy?

Shareholders can reinvest dividends through the Dividend Reinvestment and Share Purchase Plan.