TC Energy Corporation
TNCAFEnergy · Stock · monthly payer
Forward Yield
5.00%
Annual Dividend
$0.72
Payout Ratio
—
5-Yr Growth
11.1%
Ex-Date
Jun 1, 2026
Frequency
Monthly
Summary
As of July 2026, TC Energy Corporation (TNCAF) yields 5.00% ($0.72 per share annually), with a blended fair-value estimate of $26.22 — +81% upside, so it screens as undervalued. Dividend safety grade: C (51/100).
Is TNCAF a good dividend stock?
MixedTC Energy Corporation (TNCAF) pays a monthly dividend yielding 5.00% ($0.72/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
- Strong 11.1% 5-yr dividend growth
- 42% total price return over 5 years
Risks
- Cut its dividend in 2025
Key Data
- Dividend Yield
- 5.00%
- Payout Ratio
- —
- Annual Dividend
- $0.72
- 5-Yr Avg Growth
- 11.1%
- Ex-Dividend Date
- Jun 1, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.98
- Market Cap
- —
- P/E Ratio
- 5.7
- 5-Yr Total Return
- 42%
- 52-Week Range
- $12.50 – $15.36
- Dividend Safety
- C · 51/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
TNCAF Price — Last 12 Months
Daily close
Price Return
1 Year
+8%
3 Years
+31%
5 Years
+42%
52-Week Range
$12.50 – $15.36
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is TNCAF worth?
Undervaluedlow confidenceOur blended fair-value estimate for TC Energy Corporation is $26.22 per share, versus a market price of $14.45. That implies 81% of upside — a margin of safety of about 45%.
Fair Value
$26.22
Current Price
$14.45
Upside
+81%
Margin of Safety
45%
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 5.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.2% discount rate (CAPM), 5.0% stage-1 growth, 2.5% terminal growth, $2.54 EPS, $0.72 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
TNCAF 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 1, 2026 | — | $0.1846 | regular |
| Jun 1, 2026 | — | $0.1845 | regular |
| Jun 1, 2026 | — | $0.1839 | regular |
| Jun 1, 2026 | — | $0.1839 | regular |
| Jun 1, 2026 | — | $0.1838 | regular |
| Jun 1, 2026 | — | $0.1837 | regular |
| Jun 1, 2026 | — | $0.1834 | regular |
| Jun 1, 2026 | — | $0.1833 | regular |
| Jun 1, 2026 | — | $0.1832 | regular |
| Jun 1, 2026 | — | $0.1830 | regular |
| Jun 1, 2026 | — | $0.1830 | regular |
| Jun 1, 2026 | — | $0.1829 | regular |
| Jun 1, 2026 | — | $0.1828 | regular |
| Jun 1, 2026 | — | $0.1826 | regular |
Income Calculator
At $0.72 / yr per share
