TC Energy declares quarterly dividends
May 01 2020 - 7:35AM
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 $0.81 per common
share for the quarter ending June 30, 2020 on the Company’s
outstanding common shares. The common share dividend is
payable on July 31, 2020 to shareholders of record at the close of
business on June 30, 2020.
The Board also declared quarterly dividends on the Company’s
outstanding Cumulative First Preferred Shares as follows:
- For the period up to but excluding June 30, 2020, payable on
June 30, 2020 to shareholders of record at the close of business on
June 1, 2020:
- Series 1 (TRP.PR.A) - $0.2174375 per share
- Series 2 (TRP.PR.F) - $0.22115984 per share
- Series 3 (TRP.PR.B) - $0.1345 per share
- Series 4 (TRP.PR.H) - $0.18137842 per share
- For the period up to but excluding July 30, 2020, payable on
July 30, 2020 to shareholders of record at the close of business on
June 30, 2020:
- Series 5 (TRP.PR.C) - $0.14143750 per share
- Series 6 (TRP.PR.I) - $0.11020697 per share
- Series 7 (TRP.PR.D) - $0.243938 per share
- Series 9 (TRP.PR.E) - $0.235125 per share
- For the period up to but excluding May 29, 2020, payable on May
29, 2020 to shareholders of record at the close of business on May
15, 2020:
- Series 11 (TRP.PR.G) - $0.2375 per share
- Series 13 (TRP.PR.J) - $0.34375 per share
- Series 15 (TRP.PR.K) - $0.30625 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.
Common shares purchased with reinvested cash dividends under TC
Energy’s Dividend Reinvestment and Share Purchase Plan (DRP) will
be acquired on the Toronto Stock Exchange at 100 per cent of the
weighted average purchase price. The DRP is available for
dividends payable on TC Energy’s common and preferred shares.
About TC EnergyWe are a vital part of everyday
life – delivering the energy millions of people rely on to power
their lives in a sustainable way. Thanks to a safe, reliable
network of natural gas and crude oil pipelines, along with power
generation and storage facilities, wherever life happens – we’re
there. Guided by our core values of safety, responsibility,
collaboration and integrity, our more than 7,300 people make a
positive difference in the communities where we operate across
Canada, the U.S. and Mexico.
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 INFORMATION
This 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 Quarterly Report to
Shareholders dated April 30, 2020 and the 2019 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.
-30-
Media Inquiries:Jaimie Harding / Hejdi
Carlsen403.920.7859 or 800.608.7859
Investor & Analyst Inquiries:David Moneta /
Duane Alexander403.920.7911 or 800.361.6522
PDF
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