TC Energy declares quarterly dividends
February 14 2023 - 05:35AM
News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or
the Company) today announced that its Board of Directors (Board)
declared a quarterly dividend of $0.93 per common share for the
quarter ending March 31, 2023, on the Company’s outstanding common
shares. The common share dividend is payable on April 28, 2023, to
shareholders of record at the close of business on March 31, 2023.
The Board also declared quarterly dividends on the
outstanding Cumulative First Preferred Shares as follows:
- For the period up to but excluding March 31, 2023, payable on
March 31, 2023, to shareholders of record at the close of business
on Feb. 28, 2023:
- Series 1 (TRP.PR.A) - $0.2174375 per share
- Series 2 (TRP.PR.F) - $0.3772760 per share
- Series 3 (TRP.PR.B) - $0.105875 per share
- Series 4 (TRP.PR.H) - $0.3373856 per share
- For the period up to but excluding April 30, 2023, payable on
May 1, 2023, to shareholders of record at the close of business on
March 31, 2023:
- Series 5 (TRP.PR.C) - $0.1218125 per share
- Series 6 (TRP.PR.I) - $0.3601849 per share
- Series 7 (TRP.PR.D) - $0.243938 per share
- Series 9 (TRP.PR.E) - $0.235125 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.
The Board also approved the issuance of common
shares from treasury at a two per cent discount under TC Energy’s
Dividend Reinvestment Plan (DRP). Under the DRP, investors holding
TC Energy common or preferred shares can receive common shares
instead of cash dividend payments. For further details, including
how to enroll in the program, please refer to
https://www.tcenergy.com/investors/dividends/.
About TC EnergyWe’re a team of
7,000+ energy problem solvers working to move, generate and store
the energy North America relies on. Today, we’re taking action to
make that energy more sustainable and more secure. We’re innovating
and modernizing to reduce emissions from our business. And, we’re
delivering new energy solutions – from natural gas and renewables
to carbon capture and hydrogen – to help other businesses and
industries decarbonize too. Along the way, we invest in communities
and partner with our neighbours, customers and governments to build
the energy system of the future.
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 INFORMATIONThis
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.
Media Inquiries:Stone Grissom /
Suzanne Wiltonmedia@tcenergy.com 403-920-7859 or 800-608-7859
Investor & Analyst
Inquiries:Gavin Wylie / Hunter
Mauinvestor_relations@tcenergy.com403-920-7911 or 800-361-6522
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