SmarterDividends
TRP

TC Energy (TRP) Dividend

TC Energy Corporation · Energy · Oil & Gas Midstream · quarterly payer

$63.34

Overvalued · -26% Add to Portfolio

As of Nov 5, 2026, TC Energy (TRP) pays a quarterly dividend of $0.6190 per share, or $2.51 a year, a 4.01% yield at its $63.34 share price. It pays every quarter, usually in April, July and October. It has a dividend safety grade of C.

Forward Yield

4.01%

Annual Dividend

$2.51

Payout Ratio

98%

5-Yr Growth

2.0%

Ex-Date

Sep 29, 2026

Frequency

Quarterly

Key facts about TRP's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, TC Energy Corporation (TRP) has a forward dividend yield of 4.01%, based on an annual dividend of $2.51 per share and a share price of $63.34.
  • As of Nov 5, 2026, TRP's dividend safety grade from SmarterDividends is C (52 out of 100), which rates the dividend as borderline.
  • TRP last cut its regular dividend in 2015.
  • TRP's most recent ex-dividend date was Sep 29, 2026, for a dividend of $0.62 per share.
  • As of Nov 5, 2026, TRP pays out 98% of its trailing 12-month earnings as dividends (its payout ratio).
  • TRP's dividend has grown at an average rate of 2.0% a year over the past five years.
  • As of Nov 5, 2026, TRP's 4.01% yield is 21% below its five-year average yield of 5.05%.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for TRP is $46.90 per share, 26% below the $63.34 share price, so TRP screens as overvalued.
  • TC Energy Corporation (TRP) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "TRP Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/TRP

Is TRP a good dividend stock?

Mixed

TC Energy Corporation (TRP) pays a quarterly dividend yielding 4.01% ($2.51/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 2015
    • Elevated payout ratio (98%)

    Key Data

    Dividend Yield
    4.01%
    Payout Ratio
    98%
    Annual Dividend
    $2.51
    5-Yr Avg Growth
    2.0%
    Ex-Dividend Date
    Sep 29, 2026
    Years of Growth
    0
    Frequency
    quarterly
    Beta
    0.92
    Market Cap
    $66.0B
    P/E Ratio
    24.9
    5-Yr Total Return
    37%
    52-Week Range
    $49.27 – $71.47
    Dividend Safety
    C · 52/100
    Ever Cut?
    Yes (2015)

    TRP dividend changes

    TC Energy Corporation (TRP) pays a variable dividend: across the 154 payments on record since 1988, 63 were higher than the one before and 29 lower. The latest change was up 0.2% to $0.619 per share, going ex-dividend on Sep 29, 2026.

    Ex-dateChangeOld → newMove
    Sep 29, 2026Higher$0.618 → $0.619+0.2%
    Jun 30, 2026Lower$0.630 → $0.618−1.9%
    Mar 31, 2026Higher$0.621 → $0.630+1.4%
    Jun 30, 2025Higher$0.594 → $0.621+4.5%
    Mar 31, 2025Higher$0.573 → $0.594+3.7%
    Dec 31, 2024Lower$0.650 → $0.573−11.8%
    Sep 27, 2024Higher$0.639 → $0.650+1.7%
    Mar 27, 2024Higher$0.642 → $0.644+0.4%
    Dec 28, 2023Higher$0.628 → $0.642+2.2%
    Sep 28, 2023Lower$0.640 → $0.628−1.9%
    Jun 29, 2023Higher$0.625 → $0.640+2.3%
    Mar 30, 2023Higher$0.603 → $0.625+3.6%
    Every TRP payment →Download every raise and cut (CSV)
    TRP ex-dividend date & scheduleNext ex-date Sep 29, 2026 · full ex-dividend historyView →TRP dividend historyEvery payment, totals by year, raises and cutsView →TRP dividend calculator100 shares pay $251.00 a year, $62.75 each quarterCalculate →TRP total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

    Frequently Asked Questions

    Is TRP a good dividend stock?

    Mixed. TC Energy Corporation (TRP) pays a quarterly dividend yielding 4.01% ($2.51/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.

    Is TRP undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, TRP's fair value is about $46.90 versus a $63.34 share price — so it looks overvalued (-26% vs. fair value).

    Is TRP's dividend safe?

    TRP has a dividend-safety grade of C (52/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2015, debt and yield-versus-history.

    What is TRP's fair value?

    Our blended fair-value estimate for TRP is about $46.90 per share, about 26% below the current $63.34 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is TRP a buy, hold, or sell?

    We don't issue formal ratings, but on the data TRP screens as "mixed" and overvalued. TC Energy Corporation (TRP) pays a quarterly dividend yielding 4.01% ($2.51/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. This is research for your own analysis, not investment advice.

    Will TRP cut its dividend?

    TRP earns a dividend-safety grade of C (52/100), and has cut its dividend before (last in 2015). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does TRP pay a dividend?

    Yes. TC Energy Corporation pays a quarterly dividend of about $2.51 per share annually, a forward yield of roughly 4.01%.

    How much dividend does 100 shares of TRP pay?

    At $2.51 per share a year, 100 shares of TRP pay $251.00 a year in dividends before tax, about $62.75 each quarter. Buying them costs about $6,334 at the Nov 5, 2026 price.

    What is TRP's dividend yield?

    As of Nov 5, 2026, TRP's forward dividend yield is 4.01%, based on a $2.51 annual dividend and a $63.34 share price.

    What is TRP's dividend per share?

    As of Nov 5, 2026, TRP pays $2.51 per share per year, distributed on a quarterly basis.

    What is TRP's dividend payout ratio?

    As of Nov 5, 2026, TRP's payout ratio is 98% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has TRP grown its dividend?

    TRP does not currently have a long dividend-growth streak on record.

    When is the next TRP ex-dividend date?

    As of Nov 5, 2026, TRP's next ex-dividend date hasn't been announced. The most recent was Sep 29, 2026, for $0.62 per share.

    Income Calculator

    At $2.51 / yr per share

    Per payment (quarterly)$62.75
    Annual$251.00
    Monthly avg$20.92
    Full TRP dividend calculator →

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