TC Energy Corporation
TCANFEnergy · Stock · quarterly payer
Forward Yield
5.36%
Annual Dividend
$0.80
Payout Ratio
—
5-Yr Growth
-3.7%
Ex-Date
Oct 2, 2026
Frequency
Quarterly
Summary
As of September 2026, TC Energy Corporation (TCANF) yields 5.36% ($0.80 per share annually), with a blended fair-value estimate of $30.36 — +115% upside, so it screens as undervalued. Dividend safety grade: C (52/100).
Is TCANF a good dividend stock?
MixedTC Energy Corporation (TCANF) pays a quarterly dividend yielding 5.36% ($0.80/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2022
- Dividend has been shrinking, not growing
Key Data
- Dividend Yield
- 5.36%
- Payout Ratio
- —
- Annual Dividend
- $0.80
- 5-Yr Avg Growth
- -3.7%
- Ex-Dividend Date
- Oct 2, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.95
- Market Cap
- —
- P/E Ratio
- 5.9
- 5-Yr Total Return
- 23%
- 52-Week Range
- $5.39 – $15.00
- Dividend Safety
- C · 52/100
- Ever Cut?
- Yes (2022)
Frequently Asked Questions
TCANF Price — Last 12 Months
Daily close
Price Return
1 Year
+162%
3 Years
+130%
5 Years
+23%
52-Week Range
$5.39 – $15.00
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is TCANF worth?
Undervaluedlow confidenceOur blended fair-value estimate for TC Energy Corporation is $30.36 per share, versus a market price of $14.12. That implies 115% of upside — a margin of safety of about 53%.
Fair Value
$30.36
Current Price
$14.12
Upside
+115%
Margin of Safety
53%
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 6.3% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.0% discount rate (CAPM), 6.3% stage-1 growth, 2.5% terminal growth, $2.54 EPS, $0.80 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
TCANF 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 | — | $0.1980 | regular |
| Mar 31, 2026 | — | $0.2020 | regular |
| Oct 2, 2025 | — | $0.0870 | regular |
| Jun 30, 2025 | — | $0.0890 | regular |
| Mar 31, 2025 | — | $0.0850 | regular |
| Dec 31, 2024 | — | $0.0850 | regular |
| Oct 2, 2024 | — | $0.0900 | regular |
| Jul 2, 2024 | — | $0.0890 | regular |
| Apr 1, 2024 | — | $0.0900 | regular |
| Dec 29, 2023 | — | $0.0920 | regular |
| Sep 29, 2023 | — | $0.0900 | regular |
| Jun 29, 2023 | — | $0.0920 | regular |
| Mar 30, 2023 | — | $0.0900 | regular |
| Dec 30, 2022 | — | $0.0900 | regular |
Income Calculator
At $0.80 / yr per share
Similar Dividend Stocks
Compare TCANF
Explore more
Lists and tools related to TCANF