TC Energy Corporation
TRPEnergy · Stock · quarterly payer
Forward Yield
4.06%
Annual Dividend
$2.50
Payout Ratio
98%
5-Yr Growth
2.0%
Ex-Date
Sep 29, 2026
Frequency
Quarterly
Summary
As of September 2026, TC Energy Corporation (TRP) yields 4.06% ($2.50 per share annually), with a blended fair-value estimate of $47.18 — -23% downside, so it screens as overvalued. Dividend safety grade: C (61/100).
Is TRP a good dividend stock?
Yes, with caveatsTC Energy Corporation (TRP) pays a quarterly dividend yielding 4.06% ($2.50/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
Risks
- Cut its dividend in 2015
- Elevated payout ratio (98%)
Key Data
- Dividend Yield
- 4.06%
- Payout Ratio
- 98%
- Annual Dividend
- $2.50
- 5-Yr Avg Growth
- 2.0%
- Ex-Dividend Date
- Sep 29, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.95
- Market Cap
- $64.1B
- P/E Ratio
- 24.5
- 5-Yr Total Return
- 14%
- 52-Week Range
- $49.27 – $71.47
- Dividend Safety
- C · 61/100
- Ever Cut?
- Yes (2015)
Frequently Asked Questions
TRP Price — Last 12 Months
Daily close
Price Return
1 Year
+23%
3 Years
+79%
5 Years
+14%
52-Week Range
$49.27 – $71.47
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is TRP worth?
Overvaluedmedium confidenceOur blended fair-value estimate for TC Energy Corporation is $47.18 per share, versus a market price of $61.54. That implies 23% of downside.
Fair Value
$47.18
Current Price
$61.54
Downside
-23%
Margin of Safety
-30%
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, $2.51 EPS, $2.50 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
TRP 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 | — | $0.6180 | regular |
| Mar 31, 2026 | — | $0.6300 | regular |
| Jun 30, 2025 | — | $0.6210 | regular |
| Mar 31, 2025 | — | $0.5940 | regular |
| Dec 31, 2024 | — | $0.5730 | regular |
| Sep 27, 2024 | — | $0.6500 | regular |
| Jun 28, 2024 | — | $0.6390 | regular |
| Mar 27, 2024 | — | $0.6445 | regular |
| Dec 28, 2023 | — | $0.6418 | regular |
| Sep 28, 2023 | — | $0.6281 | regular |
| Jun 29, 2023 | — | $0.6399 | regular |
| Mar 30, 2023 | — | $0.6253 | regular |
| Dec 29, 2022 | — | $0.6035 | regular |
| Sep 28, 2022 | — | $0.5980 | regular |
Income Calculator
At $2.50 / yr per share
Similar Dividend Stocks
Compare TRP
Explore more
Lists and tools related to TRP